Evening Wrap: ASX 200 finishes flat (again) after RBA surprises everyone; banks gain led by CBA, gold stocks shine
Tue 08 Jul 25, 5:13pm (AEST)
Home
/
News
Technical Analysis
/ChartWatch ASX Scans: CBA, NAB, BOQ, BEN in big bank charge as BHP, FMG, MIN, CIA suffering in iron ore continues
News
Technical Analysis
/ChartWatch ASX Scans: CBA, NAB, BOQ, BEN in big bank charge as BHP, FMG, MIN, CIA suffering in iron ore continues
Technical Analysis
ChartWatch ASX Scans: CBA, NAB, BOQ, BEN in big bank charge as BHP, FMG, MIN, CIA suffering in iron ore continues
Wed 04 Jun 25, 9:15am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Almonty Industries (AII), Austal (ASB), Bendigo and Adelaide Bank (BEN), Bank of Queensland (BOQ), Catapult (CAT), Commonwealth Bank (CBA), Catalyst Metals (CYL), Droneshield (DRO), JB HI-FI (JBH), Telstra (TLS).
- Interesting downtrends in today's Scans: BHP (BHP), Champion Iron (CIA), Clinuvel Pharmaceuticals (CUV), Fortescue (FMG), Findi (FND), Guzman y Gomez (GYG), IDP Education (IEL), Kogan.Com (KGN), Lifestyle Communities (LIC), Mineral Resources (MIN).
It's another bumper edition of ChartWatch ASX Scans today with a massive list of potential longs via the Uptrends Scan List and a massive list of potential shorts via the Downtrends Scan List.
It was difficult to narrow these lists down to Feature Charts, but that's not necessarily a bad thing – for to be spoilt with this much quality and choice is a blessing in any market.
As for themes, certainly Gold, Banking and Insurance, and Consumer Discretionary stocks are widely seeing strong Uptrends. Alternatively, resources stocks, particularly those focussed on iron ore, are being harshly dealt. I note BHP Group (BHP), Champion Iron (CIA), Fortescue (FMG) and Mineral Resources (MIN) each made Feature Downtrend (i.e., highest conviction downtrend).
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.
Feel free to get your favourite AI to convert the tables below into lists you can upload to your favourite trading platform like TradingView. Then you'll be able to skip from chart to chart and quickly and easily see the best uptrends and downtrends on the ASX.
Some investors prefer to buy those stocks in strong uptrends, and avoid, sell, or short sell those stocks in strong downtrends – but how you use the lists is really up to you!
Note, many stocks in both lists have appeared there many times before. As long as they keep meeting my criteria – they'll keep appearing. But note, there won't be any notifications when they don't, so you'll have to do your own research on when a particular trend changes!
Uptrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Australian Ethical Investment | AEF | $6.10 | +18.2% | +34.1% |
Almonty Industries | AII | $3.25 | +22.2% | +441.7% |
Atlas Arteria | ALX | $5.38 | +3.1% | +2.3% |
Aspen Group | APZ | $3.45 | +9.9% | +99.4% |
BetaShares Australian Quality ETF | AQLT | $32.90 | +7.2% | +17.4% |
Austal | ASB | $5.83 | +13.9% | +140.9% |
Aurum Resources | AUE | $0.530 | +53.6% | +29.3% |
Australian United Investment Company | AUI | $11.03 | +4.3% | +7.9% |
Bendigo and Adelaide Bank | BEN | $12.32 | +7.9% | +12.6% |
Brickworks | BKW | $34.91 | +35.6% | +35.5% |
Beacon Lighting Group | BLX | $3.73 | +14.8% | +44.6% |
Bank of Queensland | BOQ | $8.00 | +7.5% | +39.1% |
Catapult Group International | CAT | $5.81 | +43.8% | +241.8% |
Commonwealth Bank of Australia | CBA | $178.64 | +7.0% | +51.4% |
Codan | CDA | $18.37 | +13.5% | +72.3% |
Challenger | CGF | $7.89 | +11.6% | +22.3% |
Charter Hall Group | CHC | $18.87 | +7.5% | +57.3% |
Coles Group | COL | $22.09 | +0.7% | +36.9% |
Charter Hall Retail Reit | CQR | $4.01 | +5.5% | +22.6% |
Catalyst Metals | CYL | $7.22 | +27.3% | +547.5% |
Droneshield | DRO | $1.400 | +6.1% | +29.0% |
Diversified United Investment | DUI | $5.46 | +4.2% | +7.3% |
Electro Optic Systems | EOS | $1.980 | +63.0% | +51.7% |
Green Critical Minerals | GCM | $0.018 | +63.6% | +80.0% |
Global X Physical Gold ETF | GOLD | $48.00 | +3.8% | +47.5% |
Helia Group | HLI | $5.28 | +11.4% | +43.2% |
Insurance Australia Group | IAG | $8.80 | +5.6% | +42.6% |
JB HI-FI | JBH | $109.98 | +6.0% | +94.3% |
Medibank Private | MPL | $4.96 | +6.2% | +35.9% |
MTM Critical Metals | MTM | $0.425 | +107.3% | +717.3% |
Vaneck Australian Banks ETF | MVB | $40.52 | +6.6% | +22.0% |
Mystate | MYS | $4.18 | +6.9% | +16.1% |
National Australia Bank | NAB | $38.19 | +6.5% | +13.6% |
Netwealth Group | NWL | $32.21 | +15.9% | +56.3% |
Ora Banda Mining | OBM | $1.260 | +25.4% | +276.1% |
Ophir High Conviction Fund | OPH | $3.26 | +13.6% | +26.4% |
Peak Rare Earths | PEK | $0.270 | +128.1% | +33.9% |
Qube | QUB | $4.28 | +4.1% | +19.9% |
Superloop | SLC | $2.73 | +10.1% | +92.3% |
Service Stream | SSM | $1.900 | +3.0% | +56.4% |
Suncorp Group | SUN | $21.14 | +5.1% | +36.2% |
Tabcorp | TAH | $0.730 | +28.1% | +17.7% |
Tasmea | TEA | $3.15 | +20.7% | +114.3% |
Telstra Group | TLS | $4.87 | +7.5% | +41.6% |
Trigg Minerals | TMG | $0.097 | +106.4% | +1285.7% |
TPG Telecom | TPG | $5.24 | +3.2% | +14.2% |
Temple & Webster Group | TPW | $22.60 | +30.7% | +131.8% |
Titomic | TTT | $0.320 | +28.0% | +263.6% |
Unibail-Rodamco-Westfield | URW | $7.36 | +10.8% | +15.4% |
Ventia Services Group | VNT | $4.81 | +10.8% | +37.0% |
Westpac Banking Corporation | WBC | $32.62 | +0.5% | +25.8% |
Wesfarmers | WES | $84.10 | +6.5% | +31.1% |
Today's Uptrends Scan List
Feature Charts from today's Uptrends List 🔎📈
The stocks that I feel are showing the strongest excess demand from today's Uptrends List are: Almonty Industries (ASX: AII), Austal (ASX: ASB), Aurum Resources (ASX: AUE), Bendigo and Adelaide Bank (ASX: BEN), Beacon Lighting Group (ASX: BLX), Bank of Queensland (ASX: BOQ), Catapult Group International (ASX: CAT), Commonwealth Bank of Australia (ASX: CBA), Codan (ASX: CDA), Challenger (ASX: CGF), Charter Hall Group (ASX: CHC), Coles Group (ASX: COL), Catalyst Metals (ASX: CYL), Droneshield (ASX: DRO), JB HI-FI (ASX: JBH), Medibank Private (ASX: MPL), Vaneck Australian Banks ETF (ASX: MVB), National Australia Bank (ASX: NAB), Ora Banda Mining (ASX: OBM), Ophir High Conviction Fund (ASX: OPH), Suncorp Group (ASX: SUN), Tabcorp (ASX: TAH), Tasmea (ASX: TEA), Telstra Group (ASX: TLS), Temple & Webster Group (ASX: TPW), Titomic (ASX: TTT), Ventia Services Group (ASX: VNT).
10 Randomly Picked Feature Uptrend Charts:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Appen | APX | $1.090 | +29.8% | +87.9% |
BHP Group | BHP | $37.56 | -0.5% | -15.2% |
Champion Iron | CIA | $4.17 | -8.8% | -39.9% |
Cettire | CTT | $0.385 | -13.5% | -82.7% |
Clinuvel Pharmaceuticals | CUV | $9.90 | -12.8% | -34.6% |
Core Lithium | CXO | $0.078 | +9.9% | -42.2% |
Domino's Pizza Enterprises | DMP | $21.76 | -13.6% | -43.1% |
Flight Centre Travel Group | FLT | $12.89 | +0.6% | -32.5% |
Fortescue | FMG | $15.02 | -5.9% | -39.4% |
Findi | FND | $4.00 | -6.1% | +31.6% |
Guzman y Gomez | GYG | $29.50 | -7.6% | 0% |
Healthco Healthcare and Wellness Reit | HCW | $0.780 | -8.2% | -31.3% |
HMC Capital | HMC | $4.79 | -7.4% | -33.1% |
Humm Group | HUM | $0.445 | -12.7% | -4.3% |
IDP Education | IEL | $3.88 | -59.2% | -76.1% |
Iluka Resources | ILU | $3.58 | -12.9% | -49.1% |
Imugene | IMU | $0.014 | -41.7% | -79.1% |
Ioneer | INR | $0.115 | -11.5% | -43.9% |
IPD Group | IPG | $2.93 | -24.7% | -33.4% |
Jumbo Interactive | JIN | $9.45 | -6.0% | -41.5% |
Kogan.Com | KGN | $3.87 | -14.9% | -12.8% |
Lifestyle Communities | LIC | $6.85 | -12.4% | -43.6% |
Mineral Resources | MIN | $18.50 | -10.8% | -74.1% |
OFX Group | OFX | $0.690 | -38.4% | -67.8% |
Redox | RDX | $2.65 | -5.0% | -15.6% |
Stanmore Resources | SMR | $1.880 | -3.1% | -39.6% |
Weebit Nano | WBT | $1.675 | -5.6% | -27.2% |
Wildcat Resources | WC8 | $0.135 | -27.0% | -67.9% |
Today's Downtrends Scan List
Feature Charts from today's Downtrends List 🔎📉
The stocks that I feel are showing the strongest excess supply from today's Downtrends List are: BHP Group (ASX: BHP), Champion Iron (ASX: CIA), Clinuvel Pharmaceuticals (ASX: CUV), Fortescue (ASX: FMG), Findi (ASX: FND), Guzman y Gomez (ASX: GYG), Healthco Healthcare and Wellness Reit (ASX: HCW), IDP Education (ASX: IEL), Ioneer (ASX: INR), IPD Group (ASX: IPG), Kogan.Com (ASX: KGN), Lifestyle Communities (ASX: LIC), Mineral Resources (ASX: MIN), OFX Group (ASX: OFX), Redox (ASX: RDX), Weebit Nano (ASX: WBT).
10 Randomly Picked Feature Downtrend Charts:
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-year's 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.
Get the latest news and insights direct to your inbox
Latest Articles
Iron ore prices set to fall as global markets shift to surplus: UBS
Kerry Sun · Tue 08 Jul 25, 3:12pm (AEST)
Is the market set for another 'Liberation Day' like selloff?
Kerry Sun · Tue 08 Jul 25, 12:10pm (AEST)