Technical Analysis

ChartWatch ASX Scans: CSL, Goodman Group, Ora Banda Mining, Iluka Resources, Karoon Energy, Patriot Battery Metals

Mon 17 Jun 24, 9:00am (AEST)
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Key Points

  • Interesting uptrends in today's Scan Lists: BetaShares Asia Tech Tigers ETF (ASIA), Botanix Pharma (BOT), CSL (CSL), Dimerix (DXB), Goodman (GMG), GQG Partners (GQG), Ora Banda Mining (OBM), and Summit Minerals (SUM)
  • Interesting downtrends in today's Scan Lists: ASX (ASX), IGO (IGO), Iluka Resources (ILU), Karoon Energy (KAR), Lifestyle Communities (LIC), Monadelphous (MND), Patriot Battery Metals (PMT), Regis Resources (RRL), Block (SQ2), and Woodside Energy (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 %

Austin Engineering

ANG

$0.570

+15.2%

+111.1%

BetaShares Asia Tech Tigers ETF

ASIA

$9.18

+3.0%

+22.1%

Bendigo and Adelaide Bank

BEN

$11.24

+14.0%

+34.3%

Botanix Pharmaceuticals

BOT

$0.330

+29.4%

+214.3%

Catapult Group

CAT

$1.830

+27.1%

+83.9%

Codan

CDA

$11.41

+6.4%

+49.0%

CSL

CSL

$289.10

+2.1%

-6.3%

Dimerix

DXB

$0.645

+92.5%

+1031.6%

Empire Energy Group

EEG

$0.250

+25.0%

+19.0%

Vaneck MSCI Multifactor EM Markets ETF

EMKT

$25.22

+2.2%

+18.3%

Equinox Resources

EQN

$0.400

+73.9%

+150.0%

Global X Fang+ ETF

FANG

$27.45

+8.8%

+48.5%

Fenix Resources

FEX

$0.340

+9.7%

+44.7%

Fisher & Paykel Healthcare

FPH

$28.52

+9.4%

+31.2%

Generation Development

GDG

$2.28

+4.1%

+83.7%

Goodman Group

GMG

$35.77

+7.2%

+82.3%

GQG Partners Inc.

GQG

$2.76

+13.6%

+87.1%

Hub24

HUB

$44.90

+9.5%

+78.6%

iShares Asia 50 ETF

IAA

$100.89

+0.5%

+9.7%

Insurance Australia Group

IAG

$6.59

+4.3%

+29.2%

BetaShares India Quality ETF

IIND

$12.25

+5.2%

+18.0%

JB HI-FI

JBH

$63.28

+9.2%

+49.8%

Loftus Peak Global Disruption ETF

LPGD

$4.68

+5.6%

+43.1%

L1 Long Short Fund

LSF

$3.16

+4.3%

+12.5%

Munro Global Growth Fund ETF

MAET

$6.49

+7.1%

+38.4%

Munro Climate Change Leaders ETF

MCCL

$15.40

+7.5%

+60.4%

National Australia Bank

NAB

$35.02

+3.8%

+38.9%

Nuix

NXL

$3.06

+30.2%

+273.2%

Ora Banda Mining

OBM

$0.380

+24.6%

+181.5%

Paragon Care

PGC

$0.415

+16.9%

+66.0%

Polynovo

PNV

$2.34

+8.3%

+46.7%

Vaneck MSCI International Quality ETF

QUAL

$57.49

+6.2%

+33.5%

REA Group

REA

$192.08

+1.8%

+43.7%

Regis Healthcare

REG

$4.19

+2.9%

+83.8%

Regal Asian Investments

RG8

$2.13

+6.5%

+9.2%

Global X Semiconductor ETF

SEMI

$18.95

+14.6%

+62.4%

Superloop

SLC

$1.545

+16.6%

+135.9%

Spartan Resources

SPR

$0.830

+24.8%

+391.4%

Summit Minerals

SUM

$0.385

+208.0%

+185.2%

Sovereign Metals

SVM

$0.595

+12.3%

+28.0%

Tuas

TUA

$4.41

+9.2%

+135.2%

Treasury Wine Estates

TWE

$12.06

+5.1%

+7.1%

Vanguard FTSE Asia EX Japan Shares ETF

VAE

$74.75

+1.0%

+9.5%

Zip Co.

ZIP

$1.450

+15.5%

+190.0%

Today's Uptrends Scan List

Interesting charts from today's Uptrends List πŸ”ŽπŸ“ˆ

The stocks that I feel are showing the strongest excess demand from today's Uptrends List are: BetaShares Asia Technology Tigers ETF (ASX: ASIA), Botanix Pharmaceuticals (ASX: BOT), CSL (ASX: CSL), Dimerix (ASX: DXB), Goodman Group (ASX: GMG), GQG Partners Inc. (ASX: GQG), Ora Banda Mining (ASX: OBM), and Summit Minerals (ASX: SUM).

Charts of each below:

BetaShares Asia Technology Tigers ETF (ASX-ASIA) chart 14 June 2024Botanix Pharmaceuticals (ASX-BOT) chart 14 June 2024CSL (ASX-CSL) chart 14 June 2024Dimerix (ASX-DXB) chart 14 June 2024Goodman Group (ASX-GMG) chart 14 June 2024GQG Partners Inc. (ASX-GQG) chart 14 June 2024Ora Banda Mining (ASX-OBM) chart 14 June 2024Summit Minerals (ASX-SUM) chart 14 June 2024

Downtrends Scan List

Company

Code

Last Price

1mo %

1yr %

Australian Finance Group

AFG

$1.405

-3.8%

-17.4%

Auckland International Airport

AIA

$6.93

+0.3%

-11.5%

Atlas Arteria

ALX

$4.81

-10.3%

-21.3%

Eagers Automotive

APE

$10.18

-18.6%

-16.8%

Arafura Rare Earths

ARU

$0.170

-12.8%

-50.0%

ASX

ASX

$56.45

-10.4%

-7.1%

Boss Energy

BOE

$4.14

-28.4%

+32.3%

Chalice Mining

CHN

$1.340

-15.5%

-80.9%

Centuria Industrial Reit

CIP

$3.11

-3.1%

+2.6%

Charter Hall Long Wale Reit

CLW

$3.43

-2.3%

-16.1%

Charter Hall Social Infrastructure Reit

CQE

$2.41

-5.1%

-18.0%

Charter Hall Retail Reit

CQR

$3.28

-0.6%

-9.6%

Domino's Pizza Enterprises

DMP

$37.45

-3.7%

-14.0%

Develop Global

DVP

$2.05

-13.1%

-41.3%

Dexus

DXS

$6.49

-7.7%

-18.9%

Ebos Group

EBO

$30.04

-4.7%

-9.5%

EVT

EVT

$11.10

-4.1%

-10.0%

Fletcher Building

FBU

$2.78

+5.3%

-40.0%

Fortescue

FMG

$23.20

-10.9%

+11.5%

Growthpoint Properties Australia

GOZ

$2.29

-3.8%

-21.0%

G.U.D.

GUD

$10.39

-5.6%

+22.2%

GWA Group

GWA

$2.22

-7.9%

+24.7%

Healthco Healthcare and Wellness Reit

HCW

$1.135

-1.7%

-21.2%

Hansen Technologies

HSN

$4.35

-5.4%

-10.1%

Insignia Financial

IFL

$2.15

-6.9%

-24.0%

IGO

IGO

$6.04

-20.7%

-58.4%

Iluka Resources

ILU

$6.56

-15.7%

-44.0%

Ioneer

INR

$0.155

-26.2%

-53.0%

Karoon Energy

KAR

$1.675

-10.9%

-15.4%

Lifestyle Communities

LIC

$12.09

-8.4%

-14.9%

Liontown Resources

LTR

$1.040

-25.7%

-61.9%

Lynas Rare Earths

LYC

$6.15

-10.9%

-20.5%

MA Financial Group

MAF

$4.40

-5.8%

-8.9%

Mirvac Group

MGR

$1.885

-9.8%

-15.5%

Monadelphous Group

MND

$13.06

-2.8%

+8.7%

Novonix

NVX

$0.635

-23.0%

-38.9%

OOH!Media

OML

$1.345

-18.7%

+13.5%

Orora

ORA

$1.955

-11.1%

-36.0%

Pilbara Minerals

PLS

$3.24

-18.6%

-31.6%

Patriot Battery Metals Inc.

PMT

$0.665

-20.4%

-60.8%

Ramsay Health Care

RHC

$48.29

-4.9%

-16.6%

Ridley Corporation

RIC

$2.03

-6.0%

+8.0%

Renascor Resources

RNU

$0.088

-32.3%

-51.1%

Regis Resources

RRL

$1.735

-15.8%

-15.0%

Steadfast Group

SDF

$5.39

-7.5%

-8.8%

Seek

SEK

$23.06

+1.1%

+5.6%

Skycity Entertainment

SKC

$1.345

-11.8%

-33.4%

Block Inc.

SQ2

$94.10

-12.5%

-1.7%

Sayona Mining

SYA

$0.036

-23.4%

-80.0%

Syrah Resources

SYR

$0.385

-19.8%

-55.7%

Transurban Group

TCL

$12.50

+1.7%

-12.9%

Terracom

TER

$0.210

-8.7%

-51.7%

Telstra Group

TLS

$3.50

-4.6%

-19.4%

Vicinity Centres

VCX

$1.860

-3.4%

+0.8%

Viva Energy Group

VEA

$3.20

-6.4%

+7.7%

Weebit Nano

WBT

$2.23

-7.1%

-66.6%

Woodside Energy

WDS

$27.26

-2.3%

-20.5%

Today's Downtrends Scan List

Interesting charts from today's Downtrends List πŸ”ŽπŸ“‰

The stocks that I feel are showing the strongest excess supply from today's Downtrends List are: ASX (ASX: ASX), Insignia Financial (ASX: IFL), IGO (ASX: IGO), Iluka Resources (ASX: ILU), Karoon Energy (ASX: KAR), Lifestyle Communities (ASX: LIC), Mirvac Group (ASX: MGR), Monadelphous Group (ASX: MND), Orora (ASX: ORA), Patriot Battery Metals Inc. (ASX: PMT), Regis Resources (ASX: RRL), Steadfast Group (ASX: SDF), Block Inc. (ASX: SQ2), Viva Energy Group (ASX: VEA), and Woodside Energy Group (ASX: WDS).

Charts of each below:

ASX (ASX-ASX) chart 14 June 2024Block Inc. (ASX-SQ2) chart 14 June 2024IGO (ASX-IGO) chart 14 June 2024Iluka Resources (ASX-ILU) chart 14 June 2024Insignia Financial (ASX-IFL) chart 14 June 2024Karoon Energy (ASX-KAR) chart 14 June 2024Lifestyle Communities (ASX-LIC) chart 14 June 2024Mirvac Group (ASX-MGR) chart 14 June 2024Monadelphous Group (ASX-MND) chart 14 June 2024Orora (ASX-ORA) chart 14 June 2024Patriot Battery Metals Inc. (ASX-PMT) chart 14 June 2024Regis Resources (ASX-RRL) chart 14 June 2024Steadfast Group (ASX-SDF) chart 14 June 2024Viva Energy Group (ASX-VEA) chart 14 June 2024Woodside Energy Group (ASX-WDS) chart 14 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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