Technical Analysis

ChartWatch ASX Scans: Clearvue Technologies, Premier Investments, West African Resources, Boss Energy, Lynas Rare Earths, Pilbara Minerals

Tue 25 Jun 24, 9:00am (AEST)
charts charting technical analysis
Source: Shutterstock

Stocks in article

ad8
MktCap:
-
agn
MktCap:
-
aru
MktCap:
-
boe
MktCap:
-
bpt
MktCap:
-
cat
MktCap:
-
cia
MktCap:
-
csl
MktCap:
-
evn
MktCap:
-
fmg
MktCap:
-
gdc
MktCap:
-
lyc
MktCap:
-
maq
MktCap:
-
mmi
MktCap:
-
pme
MktCap:
-
pnv
MktCap:
-
sxe
MktCap:
-
waf
MktCap:
-
wds
MktCap:
-
wgx
MktCap:
-

Share article

Key Points

  • Interesting uptrends in today's Scan Lists: AUB (AUB), Catapult (CAT), Clearvue Technologies (CPV), Energy One (EOL), Integrated Research (IRI), Premier Investments (PMV), Rpmglobal (RUL), Telix Pharma. (TLX), and West African Resources (WAF)
  • Interesting downtrends in today's Scan Lists: Boss Energy (BOE), Brainchip (BRN), Champion Iron (CIA), Cettire (CTT), Iluka Resources (ILU), Lynas Rare Earths (LYC), Pilbara Minerals (PLS), Syrah Resources (SYR), Weebit Nano (WBT), and Woodside (WDS)

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

$0.845

+17.4%

+98.8%

Aristocrat Leisure

ALL

$49.01

+8.2%

+24.0%

AUB Group

AUB

$32.09

+5.2%

+12.8%

Capitol Health

CAJ

$0.305

+24.5%

+8.9%

Catapult Group International

CAT

$1.895

+30.2%

+99.5%

Clearvue Technologies

CPV

$0.550

+8.9%

+233.3%

CSL

CSL

$292.01

+3.6%

+3.0%

Dexus Convenience Retail Reit

DXC

$2.79

+3.7%

+9.0%

Emvision Medical Devices

EMV

$2.19

+17.7%

+71.8%

Energy One

EOL

$5.12

+20.5%

+83.3%

Global Data Centre Group

GDC

$3.23

+14.5%

+97.0%

Integrated Research

IRI

$0.820

+13.9%

+134.3%

L1 Long Short Fund

LSF

$3.17

+1.3%

+11.2%

Lycopodium

LYL

$12.73

+3.8%

+22.8%

Macmahon

MAH

$0.290

+7.4%

+123.1%

Macquarie Technology

MAQ

$91.29

+4.9%

+37.0%

Medadvisor

MDR

$0.440

+12.8%

+100.0%

MFF Capital Investments

MFF

$3.64

+3.4%

+40.5%

Magellan Global Fund

MGF

$2.24

+2.3%

+42.2%

Metro Mining

MMI

$0.046

+9.5%

+109.1%

Pro Medicus

PME

$141.15

+22.2%

+103.7%

Premier Investments

PMV

$32.00

+9.8%

+59.9%

Polynovo

PNV

$2.41

+18.7%

+56.5%

Rpmglobal

RUL

$2.79

+14.3%

+86.0%

Superloop

SLC

$1.530

+8.9%

+140.9%

Southern Cross Electrical Engineering

SXE

$1.725

+3.9%

+167.4%

Telix Pharmaceuticals

TLX

$18.28

+15.8%

+57.5%

Tuas

TUA

$4.39

+10.3%

+129.2%

VGI Partners Global Investments

VG1

$1.930

+2.1%

+18.4%

West African Resources

WAF

$1.540

+4.8%

+82.2%

Westgold Resources

WGX

$2.56

+16.4%

+81.6%

WCM Global Growth

WQG

$1.585

+6.0%

+37.8%

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: AUB Group (ASX: AUB), Catapult Group International (ASX: CAT), Clearvue Technologies (ASX: CPV), Energy One (ASX: EOL), Emvision Medical Devices (ASX: EMV), Integrated Research (ASX: IRI), Premier Investments (ASX: PMV), Rpmglobal (ASX: RUL), Southern Cross Electrical Engineering (ASX: SXE), Telix Pharmaceuticals (ASX: TLX), West African Resources (ASX: WAF).

Charts of each below:

AUB Group (ASX-AUB) chart 24 June 2024Catapult Group International (ASX-CAT) chart 24 June 2024Clearvue Technologies (ASX-CPV) chart 24 June 2024Emvision Medical Devices (ASX-EMV) chart 25 June 2024Energy One (ASX-EOL) chart 24 June 2024Integrated Research (ASX-IRI) chart 24 June 2024Premier Investments (ASX-PMV) chart 24 June 2024Rpmglobal (ASX-RUL) chart 24 June 2024Southern Cross Electrical Engineering (ASX-SXE) chart 24 June 2024Telix Pharmaceuticals (ASX-TLX) chart 24 June 2024West African Resources (ASX-WAF) chart 24 June 2024

Downtrends Scan List

Company

Code

Last Price

1mo %

1yr %

Alpha HPA

A4N

$0.845

-7.1%

-27.8%

Aussie Broadband

ABB

$3.47

-0.9%

+20.1%

Audinate Group

AD8

$16.40

-2.1%

+70.1%

Australian Finance

AFG

$1.350

-3.9%

-19.4%

Ampol

ALD

$32.21

-9.3%

+6.8%

Arafura Rare Earths

ARU

$0.175

-10.3%

-47.0%

ASX

ASX

$58.06

-8.6%

-7.3%

Boss Energy

BOE

$3.95

-27.0%

+24.2%

Beach Energy

BPT

$1.475

-12.7%

+7.7%

Brainchip

BRN

$0.200

-24.5%

-45.9%

Bluescope Steel

BSL

$19.61

-8.7%

-7.0%

Chalice Mining

CHN

$1.315

-23.3%

-80.3%

Champion Iron

CIA

$6.28

-16.4%

-0.2%

Collins Foods

CKF

$9.32

-0.1%

+14.8%

Charter Hall Long Wale Reit

CLW

$3.43

-2.3%

-18.5%

Centuria Office Reit

COF

$1.185

-2.9%

-17.4%

Cettire

CTT

$1.135

-53.5%

-48.4%

Core Lithium

CXO

$0.079

-45.5%

-92.0%

De Grey Mining

DEG

$1.065

-3.6%

-15.2%

Deterra Royalties

DRR

$3.95

-17.4%

-14.3%

Develop Global

DVP

$2.20

-7.2%

-37.5%

Evolution Mining

EVN

$3.54

-7.1%

+3.2%

Fletcher Building

FBU

$2.69

-8.8%

-42.5%

Flight Centre Travel

FLT

$19.65

-1.8%

-1.3%

Fortescue

FMG

$21.26

-21.2%

-3.5%

Grange Resources

GRR

$0.340

-17.1%

-35.8%

Healthco Healthcare & Wellness Reit

HCW

$1.140

-1.3%

-19.1%

Iluka Resources

ILU

$6.37

-16.2%

-45.2%

Imugene

IMU

$0.055

-22.5%

-41.5%

Ioneer

INR

$0.145

-37.0%

-60.3%

Johns Lyng Group

JLG

$5.77

+1.2%

-2.4%

Kogan.Com

KGN

$4.25

-8.0%

-14.5%

Kelsian Group

KLS

$5.00

-5.5%

-30.6%

Lifestyle Communities

LIC

$12.04

-7.5%

-17.0%

Liontown Resources

LTR

$0.910

-35.2%

-68.7%

Lynas Rare Earths

LYC

$5.98

-13.5%

-19.5%

Meteoric Resources

MEI

$0.160

-11.1%

-25.6%

Magellan Financial Group

MFG

$8.43

-1.4%

-8.0%

Mirvac Group

MGR

$1.910

-5.9%

-18.0%

Mineral Resources

MIN

$54.76

-28.6%

-25.2%

Mayne Pharma

MYX

$4.52

-16.5%

+14.1%

Nanosonics

NAN

$2.86

-3.7%

-40.3%

Nine Entertainment

NEC

$1.400

-5.1%

-30.0%

NIB

NHF

$7.32

+2.5%

-17.3%

Nexgen Energy

NXG

$10.25

-10.6%

+57.7%

OOH!Media

OML

$1.415

-5.7%

+20.9%

Orora

ORA

$1.965

-9.4%

-33.2%

Pilbara Minerals

PLS

$3.11

-22.3%

-38.4%

Patriot Battery Metals

PMT

$0.550

-39.6%

-71.9%

Perpetual

PPT

$21.06

-4.7%

-19.7%

Platinum Asset Management

PTM

$1.040

-1.0%

-39.9%

Ramsay Health Care

RHC

$47.83

-3.2%

-16.8%

Ridley Corporation

RIC

$2.04

-1.9%

+3.3%

Resmed Inc

RMD

$27.74

-15.6%

-13.6%

Seek

SEK

$21.97

-4.1%

-1.0%

Sims

SGM

$10.04

-11.1%

-35.2%

Skycity Entertainment Group

SKC

$1.320

-18.3%

-34.7%

Spark New Zealand

SPK

$3.67

-5.7%

-20.9%

Block

SQ2

$94.80

-7.9%

-3.2%

Sayona Mining

SYA

$0.034

-20.9%

-81.1%

Syrah Resources

SYR

$0.345

-28.9%

-59.8%

Terracom

TER

$0.210

-6.7%

-53.3%

Viva Energy Group

VEA

$3.11

-11.4%

+2.0%

Vulcan Steel

VSL

$6.60

-9.1%

-16.1%

Weebit Nano

WBT

$2.28

-2.6%

-68.2%

Woodside Energy

WDS

$26.97

-2.8%

-24.3%

Waypoint Reit

WPR

$2.30

-5.0%

-17.6%

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: Ampol (ASX: ALD), Boss Energy (ASX: BOE), Brainchip (ASX: BRN), Bluescope Steel (ASX: BSL), Champion Iron (ASX: CIA), Cettire (ASX: CTT), Deterra Royalties (ASX: DRR), Fletcher Building (ASX: FBU), Iluka Resources (ASX: ILU), Kogan.Com (ASX: KGN), Lifestyle Communities (ASX: LIC), Lynas Rare Earths (ASX: LYC), Mirvac Group (ASX: MGR), Nine Entertainment (ASX: NEC), Pilbara Minerals (ASX: PLS), Patriot Battery Metals (ASX: PMT), Perpetual (ASX: PPT), Ramsay Health Care (ASX: RHC), Seek (ASX: SEK), Sims (ASX: SGM), Spark New Zealand (ASX: SPK), Syrah Resources (ASX: SYR), Weebit Nano (ASX: WBT), Woodside Energy Group (ASX: WDS).

Charts of each below:

Ampol (ASX-ALD) chart 24 June 2024Bluescope Steel (ASX-BSL) chart 24 June 2024Boss Energy (ASX-BOE) chart 24 June 2024Brainchip (ASX-BRN) chart 24 June 2024Cettire (ASX-CTT) chart 24 June 2024Champion Iron (ASX-CIA) chart 24 June 2024Deterra Royalties (ASX-DRR) chart 24 June 2024Fletcher Building (ASX-FBU) chart 24 June 2024Iluka Resources (ASX-ILU) chart 24 June 2024Kogan.Com (ASX-KGN) chart 24 June 2024Lifestyle Communities (ASX-LIC) chart 24 June 2024Lynas Rare Earths (ASX-LYC) chart 24 June 2024Mirvac Group (ASX-MGR) chart 24 June 2024Nine Entertainment (ASX-NEC) chart 24 June 2024Patriot Battery Metals (ASX-PMT) chart 24 June 2024Perpetual (ASX-PPT) chart 24 June 2024Pilbara Minerals (ASX-PLS) chart 24 June 2024Ramsay Health Care (ASX-RHC) chart 24 June 2024Seek (ASX-SEK) chart 24 June 2024Sims (ASX-SGM) chart 24 June 2024Spark New Zealand (ASX-SPK) chart 24 June 2024Syrah Resources (ASX-SYR) chart 24 June 2024Weebit Nano (ASX-WBT) chart 24 June 2024Woodside Energy Group (ASX-WDS) chart 24 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.

Get the latest news and insights direct to your inbox

Subscribe free