Evening Wrap: ASX 200 ekes out gain but major mining and energy stocks implode on China stimulus doubts, tanking commodity prices
Wed 09 Oct 24, 5:37pm (AEDT)
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Technical Analysis
/ChartWatch ASX Scans: Capitol Health, Findi, Opthea, Toubani Resources, Vysarn, Computershare, McMillan Shakespeare, Megaport
Technical Analysis
ChartWatch ASX Scans: Capitol Health, Findi, Opthea, Toubani Resources, Vysarn, Computershare, McMillan Shakespeare, Megaport
Thu 26 Sep 24, 9:28am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Capitol Health (CAJ), Findi (FND), Integral Diagnostics (IDX), Opthea (OPT), Pinnacle Investment (PNI), PYC Therapeutics (PYC), Santana Minerals (SMI), Toubani Resources (TRE), Vysarn (VYS), W-African Resources (WAF)
- Interesting downtrends in today's Scans: Cochlear (COH), Computershare (CPU), McMillan Shakespeare (MMS), Megaport (MP1), Spark New Zealand (SPK), Weebit Nano (WBT)
Welcome to my ChartWatch Daily ASX Scans series. Here I present scan lists based on my trend following technical analysis methodology. My goal is to alert you to the best uptrends and downtrends on the ASX.
Uptrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Argo Global Listed Infrastructure | ALI | $2.36 | +6.3% | +12.4% |
Aspen Group | APZ | $2.21 | +2.8% | +24.9% |
ARB Corporation | ARB | $46.50 | +9.5% | +41.8% |
Antipa Minerals | AZY | $0.022 | +83.3% | +83.3% |
Black Cat Syndicate | BC8 | $0.430 | +21.1% | +75.5% |
Capitol Health | CAJ | $0.350 | +12.9% | +62.8% |
Clarity Pharmaceuticals | CU6 | $8.69 | +24.3% | +591.8% |
Dexus | DXS | $7.75 | +7.8% | +8.2% |
Findi | FND | $5.19 | +24.8% | +959.2% |
G8 Education | GEM | $1.400 | +11.6% | +33.3% |
Integral Diagnostics | IDX | $2.83 | +8.8% | -2.4% |
Lynas Rare Earths | LYC | $7.57 | +11.5% | +11.0% |
Opthea | OPT | $0.780 | +43.1% | +114.4% |
Pinnacle Investment Management Group | PNI | $17.83 | +3.5% | +94.7% |
PYC Therapeutics | PYC | $0.155 | +19.2% | +165.8% |
Santana Minerals | SMI | $2.37 | +38.6% | +301.7% |
Toubani Resources | TRE | $0.340 | +78.9% | +70.0% |
Vysarn | VYS | $0.500 | +35.1% | +150.0% |
West African Resources | WAF | $1.815 | +23.9% | +116.1% |
Today's Uptrends Scan List
Feature charts from today's Uptrends List 🔎📈
Capitol Health (ASX: CAJ), Findi (ASX: FND), Integral Diagnostics (ASX: IDX), Opthea (ASX: OPT), Pinnacle Investment Management Group (ASX: PNI), PYC Therapeutics (ASX: PYC), Santana Minerals (ASX: SMI), Toubani Resources (ASX: TRE), Vysarn (ASX: VYS), West African Resources (ASX: WAF).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Cochlear | COH | $275.61 | -8.3% | +7.5% |
Computershare | CPU | $24.68 | -11.8% | -5.6% |
Imugene | IMU | $0.049 | -9.3% | -2.0% |
McMillan Shakespeare | MMS | $14.78 | -16.2% | -10.7% |
Megaport | MP1 | $7.04 | -21.8% | -35.8% |
Metcash | MTS | $3.47 | -4.4% | -5.5% |
Nufarm | NUF | $3.83 | -4.5% | -19.4% |
Spark New Zealand | SPK | $2.82 | -18.5% | -35.8% |
Weebit Nano | WBT | $1.705 | -18.0% | -49.1% |
Webjet | WEB | $7.14 | -13.5% | +6.4% |
Today's Downtrends Scan List
Charts of each below:
ChartWatch Primer
For a detailed explanation of Carl's technical analysis methodology, be sure to check out this ChartWatch Primer.
Important considerations when using the ChartWatch Daily ASX Scans:
1. The future is unknown. Anything can happen to change the trends in the lists above. A stock in a perfect uptrend or downtrend may not remain that way by the close of trading today. 2. These lists are not exhaustive, they are curated by Carl. You will find that certain stocks might not appear in a particular list on consecutive days but might reappear when Carl feels it deserves to return to the list. 3. This is not a recommendation service, merely an aid to help you better understand the workings of Carl’s technical analysis model in a practical way. Carl will not alert you to stocks that have dropped off a list because their trend has changed – it is up to you to apply the criteria to determine why a particular stock might not still be included. 4. This is general, educational information only – always do your own research.
Carl has over 30-years investing experience, helping investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl has a passion for technical analysis and has taught his unique brand of price-action trend following to thousands of Aussie investors.
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