ChartWatch ASX Scans: Correction "Invincibles" APA, APE, COL, EVN, NST vs Rally "Pariahs" LLC, PMT, SLX, SWM, WDS
Your daily dose of the most interesting uptrends and downtrends on the ASX with technical analysis from an expert.
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Mentioned
KEY POINTS
- Interesting uptrends in today's Scans: African Gold (A1G), APA (APA), Abacus Storage King (ASK), Barton Gold (BGD), Catalyst Metals (CYL), Evolution Mining (EVN), Genesis Minerals (GMD), Northern Star (NST), Ramelius Resources (RMS), Regis Resources (RRL).
- Interesting downtrends in today's Scans: Electro Optic Systems (EOS), Imugene (IMU), Lindsay Australia (LAU), Liberty Financial (LFG), Lendlease (LLC), Regal Partners (RPL), Skycity Entertainment (SKC), Silex Systems (SLX), Seven West Media (SWM).
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.
The perception of your business among major fund managers (with cash) and existing shareholders (with stock) must be pretty decent if your stock price never really went down during the correction. Cash is demand, existing shareholders are supply. Clearly, both never waivered in their view of wanting to own such stocks.
Examples of these "Invincibles" can be found in tonight's Uptrends Scan List.
Using the same logic, the perception of your business among the demand and supply sides must be pretty terrible if on all days – the biggest showing of positive investor enthusiasm in over 5-years – your stock could barely rally–or it fell on Wednesday.
Examples of these "Pariahs" can be found in tonight's Downtrends Scan List.
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 % |
|---|---|---|---|---|
African Gold | A1G | $0.110 | +83.3% | +222.7% |
APA Group | APA | $8.16 | +8.1% | -5.0% |
Eagers Automotive | APE | $16.65 | +7.2% | +22.0% |
Abacus Storage King | ASK | $1.450 | +26.1% | +19.8% |
Barton Gold | BGD | $0.400 | +33.3% | +45.5% |
Capricorn Metals | CMM | $8.89 | +19.5% | +67.1% |
Coles Group | COL | $20.84 | +9.3% | +28.4% |
Catalyst Metals | CYL | $5.93 | +43.2% | +785.1% |
Energy One | EOL | $11.20 | +12.0% | +178.6% |
Evolution Mining | EVN | $7.14 | +15.0% | +82.1% |
Fleetwood | FWD | $2.52 | +8.2% | +72.6% |
Vaneck Gold Miners ETF | GDX | $74.75 | +12.4% | +41.8% |
Genesis Minerals | GMD | $3.90 | +27.5% | +100.5% |
JB HI-FI | JBH | $96.35 | +9.2% | +52.1% |
Meeka Metals | MEK | $0.160 | +33.3% | +344.4% |
Northern Star Resources | NST | $20.28 | +19.5% | +35.2% |
Ramelius Resources | RMS | $2.60 | +23.2% | +34.4% |
Regis Resources | RRL | $4.39 | +36.3% | +108.1% |
*ERROR TICKER NOT FOUND* | SGLLV | $11.49 | +17.7% | +67.8% |
Washington H Soul Pattinson & Company | SOL | $36.67 | +15.4% | +5.0% |
Spartan Resources | SPR | $2.05 | +44.4% | +205.7% |
TPG Telecom | TPG | $4.93 | +12.6% | +11.0% |
Tivan | TVN | $0.105 | +22.1% | +110.0% |
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: African Gold (ASX: A1G), APA Group (ASX: APA), Eagers Automotive (ASX: APE), Abacus Storage King (ASX: ASK), Barton Gold (ASX: BGD), Catalyst Metals (ASX: CYL), Energy One (ASX: EOL), Evolution Mining (ASX: EVN), Genesis Minerals (ASX: GMD), Meeka Metals (ASX: MEK), Northern Star Resources (ASX: NST), Ramelius Resources (ASX: RMS), Regis Resources (ASX: RRL), Washington H Soul Pattinson & Company (ASX: SOL).
Charts of each below:
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Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
4DMEDICAL | 4DX | $0.260 | -28.8% | -57.7% |
Alcoa Corporation | AAI | 1 Foreign Exempt NYSE | +8.7% | -21.4% |
Coronado Global Resources | CRN | $1.000 | +2.2% | -56.9% |
Elanor Commercial Property Fund | ECF | $0.560 | -6.7% | -18.0% |
Elders | ELD | $6.08 | -12.0% | -22.8% |
Electro Optic Systems | EOS | $1.105 | -7.5% | -33.6% |
Imugene | IMU | $0.024 | -22.6% | -76.0% |
Karoon Energy | KAR | $1.285 | -17.9% | -43.4% |
Lindsay Australia | LAU | $0.655 | -5.8% | -38.2% |
Liberty Financial Group | LFG | $3.04 | -18.1% | -18.8% |
Lendlease Group | LLC | $5.38 | -9.9% | -18.0% |
Patriot Battery Metals | PMT | $1.000 | +10.3% | -17.3% |
PWR Holdings | PWH | $6.14 | -9.7% | -46.0% |
Peter Warren Automotive | PWR | $1.280 | -11.1% | -43.4% |
Regal Partners | RPL | $1.720 | -41.9% | -41.9% |
Skycity Entertainment Group | SKC | $1.050 | -9.1% | -41.0% |
Silex Systems | SLX | $2.92 | -23.8% | -42.5% |
Stanmore Resources | SMR | $1.660 | -27.2% | -48.1% |
Seven West Media | SWM | $0.135 | -6.9% | -28.9% |
Weebit Nano | WBT | $1.525 | -19.5% | -52.8% |
Wildcat Resources | WC8 | $0.150 | -11.8% | -76.4% |
Woodside Energy Group | WDS | $20.05 | -11.7% | -33.1% |
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: Elanor Commercial Property Fund (ASX: ECF), Electro Optic Systems (ASX: EOS), Imugene (ASX: IMU), Lindsay Australia (ASX: LAU), Liberty Financial Group (ASX: LFG), Lendlease Group (ASX: LLC), Regal Partners (ASX: RPL), Skycity Entertainment Group (ASX: SKC), Silex Systems (ASX: SLX), Seven West Media (ASX: SWM).
Charts of each below:
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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.
