Technical Analysis

ChartWatch ASX Scans: Catalyst Metals, Cyprium Metals, Droneshield, Whitehaven Coal, IDP Education, Pilbara Minerals

Wed 03 Jul 24, 9:00am (AEST)
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Key Points

  • Interesting uptrends in today's Scan Lists: Catalyst Metals (CYL), Cyprium Metals (CYM), Dalrymple Bay Infrastructure (DBI), Droneshield (DRO), Energy One (EOL), Electro Optic Systems (EOS), Paragon Care (PGC), Pantoro (PNR), and Whitehaven Coal (WHC)
  • Interesting downtrends in today's Scan Lists: Charter Hall (CHC), Collins Foods (CKF), Domino's Pizza Enterprises (DMP), Endeavour (EDV), GPT (GPT), IDP Education (IEL), James Hardie Industries (JHX), Kelsian (KLS), and Pilbara Minerals (PLS)

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 %

Argenica Therapeutics

AGN

$0.820

+6.5%

+121.6%

Aurelia Metals

AMI

$0.195

+5.4%

+109.7%

Austin Engineering

ANG

$0.585

+14.7%

+120.8%

Bisalloy Steel Group

BIS

$4.22

+15.6%

+155.4%

Codan

CDA

$11.93

+9.3%

+53.7%

CSL

CSL

$292.08

+4.3%

+5.0%

Catalyst Metals

CYL

$1.160

+5.0%

+54.7%

Cyprium Metals

CYM

$0.053

+32.5%

-36.5%

Dalrymple Bay Infrastructure

DBI

$3.04

+9.7%

+14.3%

Droneshield

DRO

$1.815

+61.3%

+744.2%

Energy One

EOL

$5.18

+18.8%

+74.3%

Electro Optic Systems

EOS

$1.660

+29.7%

+106.2%

Findi

FND

$4.65

+37.2%

+910.9%

GQG Partners

GQG

$2.80

+6.9%

+102.2%

Hearts and Minds Investments

HM1

$2.61

+4.8%

+14.5%

Hub24

HUB

$46.28

+8.2%

+77.8%

IPD Group

IPG

$4.89

+9.6%

+19.8%

Loftus Peak Global Disruption ETF

LPGD

$4.71

+6.8%

+43.2%

Lycopodium

LYL

$12.88

+5.7%

+24.0%

MFF Capital Investments

MFF

$3.76

+6.5%

+42.4%

Macquarie Group

MQG

$203.20

+6.4%

+15.3%

New Hope Corporation

NHC

$5.17

+4.0%

+8.1%

NRW

NWH

$3.07

-0.3%

+31.2%

News Corporation

NWS

$42.50

+1.9%

+42.6%

Nuix

NXL

$3.06

-1.3%

+268.7%

Pacific Current Group

PAC

$10.92

+4.5%

+47.0%

Propel Funeral Partners

PFP

$5.77

+5.9%

+38.4%

Paragon Care

PGC

$0.445

+14.1%

+102.3%

Pinnacle Investment Management

PNI

$14.03

+6.4%

+43.0%

Pantoro

PNR

$0.098

+6.5%

+40.0%

Regis Healthcare

REG

$4.31

+8.6%

+95.0%

Resolute Mining

RSG

$0.550

-1.8%

+37.5%

Rex Minerals

RXM

$0.275

+5.8%

+20.5%

Steadfast Group

SDF

$6.17

+11.8%

+3.4%

Step One Clothing

STP

$1.430

+2.9%

+302.8%

Sovereign Metals

SVM

$0.660

+1.5%

+50.0%

Telix Pharmaceuticals

TLX

$18.35

+16.6%

+61.7%

Technology One

TNE

$18.31

+3.0%

+16.9%

Tuas

TUA

$4.35

+9.8%

+98.6%

VGI Partners Global Investments

VG1

$1.940

+1.3%

+19.4%

Webjet

WEB

$8.94

+1.2%

+28.8%

Westgold Resources

WGX

$2.46

+6.5%

+70.8%

Whitehaven Coal

WHC

$8.59

+6.6%

+26.3%

Yancoal Australia

YAL

$7.02

+8.7%

+56.0%

Today's Uptrends Scan List

Interesting charts from today's Uptrends List πŸ”ŽπŸ“ˆ

The stocks that I feel are showing the strongest excess demand from today's Uptrends List are: Austin Engineering (ASX: ANG), Catalyst Metals (ASX: CYL), Cyprium Metals (ASX: CYM), Dalrymple Bay Infrastructure (ASX: DBI), Droneshield (ASX: DRO), Energy One (ASX: EOL), Electro Optic Systems (ASX: EOS), MFF Capital Investments (ASX: MFF), Pacific Current (ASX: PAC), Paragon Care (ASX: PGC), Pantoro (ASX: PNR), Whitehaven Coal (ASX: WHC).

Charts of each below:

Austin Engineering (ASX-ANG) chart 2 July 2024Catalyst Metals (ASX-CYL) chart 2 July 2024Cyprium Metals (ASX-CYM) chart 2 July 2024Dalrymple Bay Infrastructure (ASX-DBI) chart 2 July 2024Droneshield (ASX-DRO) chart 2 July 2024Energy One (ASX-EOL) chart 2 July 2024Electro Optic Systems (ASX-EOS) chart 2 July 2024MFF Capital Investments (ASX-MFF) chart 2 July 2024Pacific Current Group (ASX-PAC) chart 2 July 2024Paragon Care (ASX-PGC) chart 2 July 2024Pantoro (ASX-PNR) chart 2 July 2024Whitehaven Coal (ASX-WHC) chart 2 July 2024

Downtrends Scan List

Company

Code

Last Price

1mo %

1yr %

Australian Finance Group

AFG

$1.350

-6.9%

-22.4%

APA Group

APA

$7.95

-3.5%

-20.7%

Abacus Storage King

ASK

$1.130

-5.0%

0%

Credit Corp Group

CCP

$14.57

-2.2%

-25.3%

Charter Hall Group

CHC

$10.90

-10.1%

+0.8%

Collins Foods

CKF

$8.93

-2.9%

-6.6%

Charter Hall Long Wale Reit

CLW

$3.28

-5.5%

-18.4%

Centuria Capital Group

CNI

$1.610

-6.7%

-5.0%

Centuria Office Reit

COF

$1.130

-6.2%

-17.8%

Charter Hall Retail Reit

CQR

$3.15

-3.7%

-11.8%

Cettire

CTT

$1.215

-47.9%

-59.0%

Core Lithium

CXO

$0.086

-33.8%

-90.6%

Dicker Data

DDR

$9.50

+2.7%

+13.8%

Domain Australia

DHG

$2.93

-1.7%

-21.0%

Domino's Pizza Enterprises

DMP

$34.80

-10.1%

-24.9%

Dexus

DXS

$6.45

-4.9%

-17.3%

Endeavour Group

EDV

$4.85

-2.2%

-23.4%

EVT

EVT

$11.32

-2.7%

-3.7%

Fortescue

FMG

$21.57

-12.8%

-2.4%

GDI Property Group

GDI

$0.550

-8.3%

-15.4%

Growthpoint Properties

GOZ

$2.16

-8.9%

-22.3%

GPT Group

GPT

$3.98

-5.0%

-4.1%

Homeco Daily Needs Reit

HDN

$1.165

-3.7%

-1.7%

Harvey Norman

HVN

$4.18

-6.3%

+20.5%

IDP Education

IEL

$14.56

-8.7%

-33.8%

IGO

IGO

$5.63

-19.5%

-62.1%

Imugene

IMU

$0.051

-23.9%

-39.3%

James Hardie Industries

JHX

$46.96

+0.4%

+19.3%

Kogan.Com

KGN

$4.22

-3.9%

-17.1%

Kelsian Group

KLS

$4.90

-5.4%

-31.1%

Lotus Resources

LOT

$0.325

-30.1%

+85.7%

Latin Resources

LRS

$0.175

-32.7%

-31.4%

Liontown Resources

LTR

$0.955

-26.5%

-66.7%

MA Financial Group

MAF

$4.37

-8.8%

-14.6%

Meteoric Resources

MEI

$0.155

-18.4%

-22.5%

Mineral Resources

MIN

$53.66

-25.1%

-24.6%

Metcash

MTS

$3.57

-3.3%

-5.1%

Mayne Pharma Group

MYX

$4.41

-12.5%

+1.6%

Nine Entertainment

NEC

$1.320

-6.1%

-32.1%

NIB

NHF

$7.17

-3.6%

-15.3%

Northern Star Resources

NST

$12.83

-10.6%

+5.9%

Pilbara Minerals

PLS

$2.97

-21.6%

-38.5%

Today's Downtrends Scan List

Interesting charts from today's Downtrends List πŸ”ŽπŸ“‰

The stocks that I feel are showing the strongest excess supply from today's Downtrends List are: APA Group (ASX: APA), Charter Hall (ASX: CHC), Collins Foods (ASX: CKF), Domino's Pizza Enterprises (ASX: DMP), Endeavour (ASX: EDV), GPT (ASX: GPT), IDP Education (ASX: IEL), James Hardie Industries (ASX: JHX), Kelsian (ASX: KLS), Mayne Pharma (ASX: MYX), Nine Entertainment (ASX: NEC), Pilbara Minerals (ASX: PLS).

Charts of each below:

APA Group (ASX-APA) chart 2 July 2024Charter Hall Group US Prohibited (ASX-CHC) chart 2 July 2024Collins Foods (ASX-CKF) chart 2 July 2024Domino-s Pizza Enterprises (ASX-DMP) chart 2 July 2024Endeavour Group (ASX-EDV) chart 2 July 2024GPT Group (ASX-GPT) chart 2 July 2024IDP Education (ASX-IEL) chart 2 July 2024James Hardie Industries (ASX-JHX) chart 2 July 2024Kelsian Group (ASX-KLS) chart 2 July 2024Mayne Pharma Group (ASX-MYX) chart 2 July 2024Nine Entertainment (ASX-NEC) chart 2 July 2024Pilbara Minerals (ASX-PLS) chart 2 July 2024

ChartWatch ASX Scans Criteria

Criteria for Uptrends List

  • Short term uptrend (ST trend ribbon is light green)

  • Long term uptrend or long term trend is transitioning from down to up (LT trend ribbon is dark green, or LT trend ribbon is amber and contracting)

  • Demand-side price action (rising peaks and rising troughs is preferred, but based upon weight of evidence of other criteria rising peaks only or rising troughs only may be permitted)

  • Predominance of demand-side candles (i.e., white bodies and or downward pointing shadows)

  • The last candle in particular is a strong demand-side candle

Criteria for Downtrends List

  • Short term downtrend (ST trend ribbon is light pink)

  • Long term downtrend or long term trend is transitioning from up to down (LT trend ribbon is dark pink, or LT trend ribbon is amber and contracting)

  • Supply-side price action (falling peaks and falling troughs is preferred, but based upon weight of evidence of other criteria falling peaks only or falling troughs only may be permitted)

  • Predominance of supply-side candles (i.e., black bodies and or upward pointing shadows)

  • The last candle in particular is a strong supply-side candle


Important considerations when using the ChartWatch ASX Scan Lists:
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.

 

Written By

Carl Capolingua

Content Editor

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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