ChartWatch ASX Scans: CSL, Cochlear, Qantas, Rio Tinto, Lynas Rare Earths, and Woolworths lead blue chip charge
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: Asara Resources (AS1), Benz Mining (BNZ), Chrysos (C79), Car (CAR), Codan (CDA), Catalyst Metals (CYL), GBM Resources (GBZ), GR Engineering (GNG), Lynas Rare Earths (LYC), Qantas (QAN), Tyro (TYR), WIA Gold (WIA).
- Interesting downtrends in today's Scans: Audinate Group (AD8), AGL Energy (AGL), Austin Engineering (ANG), Appen (APX), Bannerman Energy (BMN), Boss Energy (BOE), GQG Partners (GQG), Immutep (IMM), Paladin Energy (PDN), Polynovo (PNV), Worley (WOR).
An influx in Downtrend Scan List constituents might otherwise be a cause for concern, after all, Wednesday did see the ASX 200 pare back from recent all-time highs. But rest assured – there are still the same near-record number of Uptrend Scan List constituents as seen in recent editions of ChartWatch ASX Scans.
If anything, the extra few downtrends should be welcomed as they provide those who have the ability to go short a potential shopping list of targets. Many fund managers simply cannot go long (i.e., buy stocks / profit from a rise in the stock prices of those stocks) if they can't also go short (i.e., sell stocks short / profit from a fall in the stock prices of those stocks).
Shorts are often viewed by professional investors as insurance for their portfolio, likely protecting it from a broad downturn in stocks. With the local bourse regularly punching out new highs, and with the Uptrends Scan List naturally therefore swollen with opportunity, it's therefore a welcome development to see a few more stocks to choose from in the Downtrends Scan List! (But not too many please...😁!)
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 % |
|---|---|---|---|---|
4DMEDICAL | 4DX | $0.490 | +96.0% | +10.1% |
Australian Finance Group | AFG | $2.34 | +9.9% | +43.6% |
Aml3d | AL3 | $0.325 | +20.4% | +116.7% |
ALS | ALQ | $18.79 | +5.7% | +28.0% |
APA Group | APA | $8.68 | +4.5% | +10.4% |
Eagers Automotive | APE | $21.35 | +10.1% | +113.9% |
Asara Resources | AS1 | $0.061 | +17.3% | +510.0% |
BetaShares Asia Technology Tigers ETF | ASIA | $12.53 | +5.8% | +44.0% |
Bisalloy Steel Group | BIS | $4.54 | +13.5% | +8.5% |
Benz Mining Corp. | BNZ | $1.180 | +118.5% | +844.0% |
Chrysos Corporation | C79 | $6.98 | +38.2% | +37.9% |
Car Group | CAR | $40.04 | +7.2% | +19.0% |
Cobram Estate Olives | CBO | $2.75 | +11.8% | +71.9% |
Codan | CDA | $24.13 | +26.7% | +104.5% |
Collins Foods | CKF | $9.62 | +9.3% | +12.5% |
Charter Hall Long Wale Reit | CLW | $4.45 | +9.6% | +24.0% |
Vaneck China New Economy ETF | CNEW | $7.89 | +10.5% | +42.7% |
Centuria Capital Group | CNI | $1.965 | +12.0% | +24.4% |
Cochlear | COH | $313.29 | +4.2% | -7.4% |
Coles Group | COL | $21.10 | +3.1% | +16.1% |
Charter Hall Retail Reit | CQR | $4.01 | +4.4% | +14.6% |
Capstone Copper Corp. | CSC | $10.17 | +15.6% | +17.7% |
CSL | CSL | $269.55 | +7.5% | -12.6% |
Catalyst Metals | CYL | $6.52 | +29.9% | +236.1% |
Global X China Tech ETF | DRGN | $11.17 | +7.9% | 0% |
Dorsavi | DVL | $0.041 | +70.8% | +192.9% |
Emeco | EHL | $0.925 | +8.8% | +13.5% |
Elders | ELD | $7.64 | +18.5% | -14.0% |
Elsight | ELS | $2.29 | +54.2% | +358.0% |
Ishares MSCI Emerging Ex China ETF | EMXC | $29.91 | +2.6% | +13.0% |
Energy One | EOL | $13.76 | +11.4% | +212.0% |
EVT | EVT | $17.23 | +4.7% | +54.4% |
EZZ Life Science | EZZ | $2.34 | +7.8% | +29.3% |
Forrestania Resources | FRS | $0.185 | +98.9% | +496.8% |
GBM Resources | GBZ | $0.032 | +52.4% | +220.0% |
Graincorp | GNC | $7.92 | +5.3% | -7.5% |
GR Engineering Services | GNG | $4.29 | +24.0% | +125.8% |
GPT Group | GPT | $5.21 | +3.4% | +14.5% |
Helloworld Travel | HLO | $1.760 | +12.5% | -21.4% |
iShares Asia 50 ETF | IAA | $129.53 | +5.5% | +31.9% |
iShares MSCI Emerging Markets ETF | IEM | $77.24 | +3.1% | +20.8% |
Iluka Resources | ILU | $6.21 | +32.7% | +8.4% |
Imdex | IMD | $3.33 | +21.5% | +53.5% |
Ingenia Communities Group | INA | $5.70 | +11.3% | +13.3% |
IPH | IPH | $5.47 | +7.7% | -8.7% |
Kinatico | KYP | $0.290 | +28.9% | +202.1% |
Lynas Rare Earths | LYC | $13.63 | +36.2% | +124.9% |
Lycopodium | LYL | $12.25 | +3.8% | -10.0% |
MA Financial Group | MAF | $8.40 | +6.1% | +94.4% |
Macmahon | MAH | $0.370 | +21.3% | +29.8% |
Medallion Metals | MM8 | $0.295 | +9.3% | +391.7% |
McMillan Shakespeare | MMS | $18.40 | +5.9% | +7.0% |
Monadelphous Group | MND | $19.93 | +10.2% | +71.5% |
Many Peaks Minerals | MPK | $0.970 | +16.9% | +410.5% |
Motorcycle Holdings | MTO | $3.50 | +15.9% | +209.7% |
Mystate | MYS | $4.55 | +6.1% | +20.4% |
Nick Scali | NCK | $22.23 | +21.1% | +49.8% |
Nanoveu | NVU | $0.089 | +50.8% | +196.7% |
Predictive Discovery | PDI | $0.475 | +6.7% | +179.4% |
Pantoro | PNR | $4.29 | +40.2% | +186.8% |
Qantas Airways | QAN | $11.62 | +6.6% | +98.0% |
Betashares Ethereum ETF | QETH | $49.49 | +56.8% | 0% |
Qoria | QOR | $0.690 | +62.4% | +112.3% |
Rio Tinto | RIO | $117.84 | +6.9% | +1.2% |
Resolute Mining | RSG | $0.690 | +6.2% | +19.0% |
Seek | SEK | $25.07 | +3.4% | +14.9% |
Super Retail Group | SUL | $16.06 | +5.6% | +10.5% |
Southern Cross Electrical Engineering | SXE | $2.03 | +16.0% | +21.2% |
Turaco Gold | TCG | $0.525 | +9.4% | +150.0% |
Tyro Payments | TYR | $1.195 | +33.5% | +37.4% |
Vanguard FTSE Asia EX Japan Shares ETF | VAE | $89.82 | +3.1% | +22.3% |
Victory Metals | VTM | $1.855 | +65.6% | +445.6% |
West African Resources | WAF | $2.70 | +13.0% | +103.0% |
WIA Gold | WIA | $0.335 | +26.4% | +272.2% |
Global X Copper Miners ETF | WIRE | $14.29 | +3.9% | +17.9% |
Woolworths Group | WOW | $32.28 | +3.0% | -3.8% |
BetaShares Energy Transition Metals ETF | XMET | $10.29 | +12.6% | +55.2% |
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: Aml3d (ASX: AL3), ALS (ASX: ALQ), Eagers Automotive (ASX: APE), Asara Resources (ASX: AS1), BetaShares Asia Technology Tigers ETF (ASX: ASIA), Benz Mining Corp. (ASX: BNZ), Chrysos Corporation (ASX: C79), Car Group (ASX: CAR), Codan (ASX: CDA), Catalyst Metals (ASX: CYL), Ishares MSCI Emerging Markets Ex China ETF (ASX: EMXC), GBM Resources (ASX: GBZ), GR Engineering Services (ASX: GNG), Lynas Rare Earths (ASX: LYC), Medallion Metals (ASX: MM8), Many Peaks Minerals (ASX: MPK), Mystate (ASX: MYS), Nick Scali (ASX: NCK), Nanoveu (ASX: NVU), Qantas Airways (ASX: QAN), Betashares Ethereum ETF (ASX: QETH), Southern Cross Electrical Engineering (ASX: SXE), Turaco Gold (ASX: TCG), Tyro Payments (ASX: TYR), WIA Gold (ASX: WIA).
10 Randomly chosen Feature Uptrend Charts:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Australian Clinical Labs | ACL | $2.71 | -3.6% | +10.2% |
Audinate Group | AD8 | $5.60 | -16.8% | -36.4% |
AGL Energy | AGL | $8.88 | -7.0% | -17.9% |
Austin Engineering | ANG | $0.310 | -17.3% | -48.3% |
Appen | APX | $0.905 | -21.3% | +14.6% |
ASX | ASX | $63.68 | -10.1% | -1.5% |
Bannerman Energy | BMN | $2.49 | -12.6% | +2.0% |
Boss Energy | BOE | $1.735 | -52.9% | -41.0% |
GQG Partners | GQG | $1.720 | -22.9% | -34.4% |
HMC Capital | HMC | $3.57 | -5.1% | -52.9% |
Immutep | IMM | $0.250 | +4.2% | -21.9% |
Lotus Resources | LOT | $0.155 | -8.8% | -32.6% |
Paladin Energy | PDN | $6.48 | -15.7% | -35.8% |
Polynovo | PNV | $1.150 | -1.3% | -52.7% |
Skycity Entertainment | SKC | $0.880 | -2.8% | -37.6% |
Treasury Wine Estates | TWE | $7.72 | -3.0% | -35.0% |
Vulcan Energy Resources | VUL | $3.70 | +6.0% | -0.5% |
Worley | WOR | $12.97 | -3.5% | -7.8% |
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: Australian Clinical Labs (ASX: ACL), Audinate Group (ASX: AD8), AGL Energy (ASX: AGL), Austin Engineering (ASX: ANG), Appen (ASX: APX), Bannerman Energy (ASX: BMN), Boss Energy (ASX: BOE), GQG Partners (ASX: GQG), Immutep (ASX: IMM), Paladin Energy (ASX: PDN), Polynovo (ASX: PNV), Skycity Entertainment Group (ASX: SKC), Worley (ASX: WOR).
10 Randomly chosen 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's 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 – so always do your own research!!!

