Technical Analysis

ChartWatch ASX Scans: Catapult, JB HI-FI, Spartan Resources, Calix, De Grey Mining, Develop Global

Thu 13 Jun 24, 9:00am (AEST)
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Key Points

  • Interesting uptrends in today's Scan Lists: Catapult (CAT), Coles (COL), Dimerix (DXB), JB HI-FI (JBH), Medadvisor (MDR), Netwealth (NWL), Paragon Care (PGC), Pro Medicus (PME), Superloop (SLC), Spartan Resources (SPR), Suncorp (SUN), and Tuas (TUA)
  • Interesting downtrends in today's Scan Lists: Corporate Travel (CTD), Calix (CXL), De Grey Mining (DEG), Develop Global (DVP), Flight Centre (FLT), IGO (IGO), Nine Entrtainment (NEC), Perpetual (PPT), Syrah Resources (SYR), and Worley (WOR)

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 %

ALS

ALQ

$14.11

+6.1%

+21.0%

Austin Engineering

ANG

$0.545

+3.8%

+98.2%

BetaShares Asia Technology Tigers ETF

ASIA

$9.01

+2.3%

+23.6%

Catapult Group International

CAT

$1.850

+25.4%

+85.0%

Coles Group

COL

$16.97

+4.3%

-4.2%

Dimerix

DXB

$0.605

+86.2%

+943.1%

Gentrack Group

GTK

$9.09

+22.2%

+138.0%

Insurance Australia Group

IAG

$6.57

+5.0%

+29.3%

BetaShares India Quality ETF

IIND

$12.21

+5.1%

+15.4%

JB HI-FI

JBH

$60.85

+6.2%

+43.6%

Munro Global Growth Fund ETF

MAET

$6.39

+5.1%

+39.8%

Macmahon Holdings

MAH

$0.285

+21.3%

+111.1%

Medadvisor

MDR

$0.450

+36.4%

+87.5%

Mystate

MYS

$3.77

+7.7%

+21.2%

National Australia Bank

NAB

$34.74

+2.1%

+38.1%

Netwealth Group

NWL

$21.32

+5.7%

+66.2%

Paragon Care

PGC

$0.400

+11.1%

+63.3%

Pro Medicus

PME

$130.10

+14.8%

+107.3%

Polynovo

PNV

$2.27

+1.8%

+43.2%

Regis Healthcare

REG

$4.09

+1.7%

+81.8%

Regal Asian Investments

RG8

$2.12

+6.5%

+7.9%

Rpmglobal Holdings

RUL

$2.65

+8.6%

+80.9%

Global X Semiconductor ETF

SEMI

$18.27

+11.3%

+63.1%

Superloop

SLC

$1.455

+11.1%

+122.1%

Spartan Resources

SPR

$0.775

+22.0%

+387.5%

SRG Global

SRG

$0.890

+2.9%

+35.9%

Suncorp Group

SUN

$16.50

+1.2%

+26.9%

Tuas

TUA

$4.13

+3.5%

+116.2%

WCM Global Growth

WQG

$1.550

+4.7%

+30.8%

Today's Uptrends Scan List

Interesting charts from today's Uptrends List 🔎📈

The stocks that I feel are showing the strongest excess demand from today's Uptrends List are: Catapult Group International (ASX: CAT), Coles Group (ASX: COL), Dimerix (ASX: DXB), Insurance Australia Group (ASX: IAG), JB HI-FI (ASX: JBH), Medadvisor (ASX: MDR), Mystate (ASX: MYS), Netwealth Group (ASX: NWL), Paragon Care (ASX: PGC), Pro Medicus (ASX: PME), Superloop (ASX: SLC), Spartan Resources (ASX: SPR), Suncorp Group (ASX: SUN), Tuas (ASX: TUA).

Charts of each below:

Catapult Group International (ASX-CAT) chart 12 June 2024Coles Group (ASX-COL) chart 12 June 2024Dimerix (ASX-DXB) chart 12 June 2024Insurance Australia Group (ASX-IAG) chart 12 June 2024JB HI-FI (ASX-JBH) chart 12 June 2024Medadvisor (ASX-MDR) chart 12 June 2024Mystate (ASX-MYS) chart 12 June 2024Netwealth Group (ASX-NWL) chart 12 June 2024Paragon Care (ASX-PGC) chart 12 June 2024Pro Medicus (ASX-PME) chart 12 June 2024Spartan Resources (ASX-SPR) chart 12 June 2024Suncorp Group (ASX-SUN) chart 12 June 2024Superloop (ASX-SLC) chart 12 June 2024Tuas (ASX-TUA) chart 12 June 2024

Downtrends Scan List

Company

Code

Last Price

1mo %

1yr %

Atlas Arteria

ALX

$4.84

-11.8%

-22.4%

Aurizon Holdings

AZJ

$3.67

-2.9%

+2.2%

Charter Hall Long Wale Reit

CLW

$3.40

-3.7%

-18.5%

Charter Hall Social Infrastructure Reit

CQE

$2.41

-5.5%

-19.1%

Corporate Travel Management

CTD

$13.12

-13.9%

-34.4%

Calix

CXL

$1.165

-19.9%

-72.3%

Core Lithium

CXO

$0.095

-34.5%

-91.2%

De Grey Mining

DEG

$1.030

-11.2%

-26.6%

Develop Global

DVP

$2.10

-7.5%

-43.1%

Dexus

DXS

$6.62

-6.8%

-20.0%

Fletcher Building

FBU

$2.78

-3.1%

-39.7%

Flight Centre Travel Group

FLT

$19.19

-3.3%

-7.9%

GPT Group

GPT

$4.11

-3.3%

+2.0%

Hansen Technologies

HSN

$4.47

-4.3%

-4.9%

IGO

IGO

$6.49

-15.3%

-53.8%

Kelsian Group

KLS

$5.00

-9.7%

-28.1%

Lifestyle Communities

LIC

$12.21

-7.9%

-16.1%

Nine Entertainment Co. Holdings

NEC

$1.355

-11.4%

-29.8%

Novonix

NVX

$0.650

-23.5%

-43.7%

Nexgen Energy (Canada)

NXG

$9.96

-8.6%

+65.2%

Pilbara Minerals

PLS

$3.41

-16.4%

-27.8%

Perpetual

PPT

$21.45

-4.2%

-12.2%

Steadfast Group

SDF

$5.41

-8.6%

-7.5%

Seek

SEK

$22.83

-2.0%

+5.5%

Spark New Zealand

SPK

$3.74

-5.6%

-19.9%

Sayona Mining

SYA

$0.037

-9.8%

-79.4%

Syrah Resources

SYR

$0.395

-16.8%

-57.2%

Tabcorp Holdings

TAH

$0.590

-15.1%

-48.2%

Transurban Group

TCL

$12.46

-2.3%

-12.5%

Worley

WOR

$14.39

-6.3%

-12.4%

Today's Downtrends Scan List

Interesting charts from today's Downtrends List 🔎📉

The stocks that I feel are showing the strongest excess supply from today's Downtrends List are: Atlas Arteria (ASX: ALX), Corporate Travel Management (ASX: CTD), Calix (ASX: CXL), De Grey Mining (ASX: DEG), Develop Global (ASX: DVP), Dexus (ASX: DXS), Flight Centre Travel Group (ASX: FLT), IGO (ASX: IGO), Kelsian Group (ASX: KLS), Nine Entertainment Co. Holdings (ASX: NEC), Perpetual (ASX: PPT), Steadfast Group (ASX: SDF), Syrah Resources (ASX: SYR), Worley (ASX: WOR).

Charts of each below:

Atlas Arteria (ASX-ALX) chart 12 June 2024Calix (ASX-CXL) chart 12 June 2024Corporate Travel Management (ASX-CTD) chart 12 June 2024De Grey Mining (ASX-DEG) chart 12 June 2024Develop Global (ASX-DVP) chart 12 June 2024Dexus (ASX-DXS) chart 12 June 2024Flight Centre Travel Group (ASX-FLT) chart 12 June 2024IGO (ASX-IGO) chart 12 June 2024Kelsian Group (ASX-KLS) chart 12 June 2024Nine Entertainment Co. Holdings (ASX-NEC) chart 12 June 2024Perpetual (ASX-PPT) chart 12 June 2024Steadfast Group (ASX-SDF) chart 12 June 2024Syrah Resources (ASX-SYR) chart 12 June 2024Worley (ASX-WOR) chart 12 June 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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