ChartWatch ASX Scans: CSL switches lists! Plus building demand for BHP, LYC, JBH, PME and WBC
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), A2 Milk ( A2M), ARB ( ARB), Autosports ( ASG), Benz Mining ( BNZ), Hub24 ( HUB), Iluka ( ILU), JB HI-FI ( JBH), Lynas Rare Earths ( LYC), Pexa ( PXA), Resmed ( RMD), Seek ( SEK), Westpac ( WBC).
- Interesting downtrends in today's Scans: AGL Energy ( AGL), Amcor ( AMC), Appen ( APX), Boss Energy ( BOE), CSL ( CSL), HMC Capital ( HMC), Polynovo ( PNV), Redox ( RDX), Strike Energy ( STX), Worley ( WOR).
ChartWatch ASX Scans has been bringing you the best uptrends and downtrends on the ASX for 14 months now – but this has never happened. A stock has never switched from the Uptrends Scan List to the Downtrends Scan List in just a few days. I am of course talking about CSL (CSL) – the centre of yesterday's post-earnings bloodbath 🚑.
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CSL (CSL) daily chart 19 August 2025
I admit, that I was drawn into CSL's recent rally – it's not like I had a choice – I have a model with clear-cut and strict rules that determines what's an uptrend or a downtrend... The chart above shows how the short term trend transitioned to up, as did the price action (rising peaks and rising troughs), and the candles (a predominance of demand-side candles i.e., white-bodied and or downward pointing shadows).
Then, after breaking through and neutralising the long term trend, the price came back, tested the short -and long term trend ribbons – and rallied off them. These important ribbons had transitioned from zones of dynamic excess supply to zones of dynamic excess demand. That's the final piece of the puzzle in helping me decide if the demand-side is back in control of the price – it's the start of a new long term uptrend as far as my model is concerned ✅.
Then, on 13 August, I witnessed a strong demand-side candle – the confirmation signal CSL was again ready to join the Uptrends Scan List – which it duly did in the next edition of 14 August. A subsequent higher trough left me comfortable with that call by Monday's close...
Then comes Tuesday's earnings announcement. The details are listed here, but are irrelevant to this conversation – this is a fundamentals free zone 🚫! The price action is all I care about, and it was as decisive as you will probably ever see in terms of signalling a return to supply-side control.
That monster candle has singlehandedly wiped out the dynamic demand of the trend ribbons, as well as the static demand of 228.61. 234.14. It's upward pointing shadow speaks of a supply-side targeting any rally to sell into, and its close at the low of the session (and below the static demand-zone) speaks of the supply-side's desperation to exit – at any price.
The demand-side wasn't absent from Tuesday's proceedings, though. Look at Tuesday's volume bar. We know from the nature of the candle that there was plenty of supply – but the volume tells us that it hit plenty of fleeing demand! A large component of that demand, by the end of the session, likely realises their mistake – they will be part of supply on any rally.
And that's possibly the biggest problem for CSL going forward – the sell the rally crowd, looking to undo their buy the dip (that kept dipping!) mistake. So, as incredible as it seems – and let me assure you this is as rare as hens teeth – CSL finds itself in the Downtrends Scan List today. A Feature Chart, no less.
(On the other hand, there are plenty of fantastic uptrends from most of the other major sectors in today's Uptrends Scan List. Overall, a couple of really great lists today, both up and down – offering traders a smorgasbord of potential opportunity 💪)
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 % |
|---|---|---|---|---|
African Gold | A1G | $0.310 | +55.0% | +1007.1% |
The A2 Milk Company | A2M | $8.66 | +11.6% | +28.9% |
Adriatic Metals | ADT | $6.27 | +7.2% | +133.1% |
ALS | ALQ | $18.65 | +3.8% | +21.8% |
ANZ Group | ANZ | $32.77 | +9.1% | +12.3% |
Eagers Automotive | APE | $21.55 | +14.1% | +106.6% |
ARB Corporation | ARB | $39.49 | +16.2% | -2.0% |
Arena Reit. | ARF | $3.96 | +7.6% | -2.5% |
Argo Investments | ARG | $9.47 | +2.9% | +5.6% |
Asara Resources | AS1 | $0.061 | +8.9% | +510.0% |
Autosports Group | ASG | $2.83 | +16.9% | +30.4% |
Bendigo and Adelaide Bank | BEN | $12.90 | +3.4% | +5.6% |
BHP Group | BHP | $42.12 | +4.1% | +7.4% |
Benz Mining Corp. | BNZ | $1.160 | +107.1% | +828.0% |
Bioxyne | BXN | $0.053 | +17.8% | +960.0% |
Codan | CDA | $24.31 | +19.5% | +92.6% |
Vaneck FTSE China A50 ETF | CETF | $60.97 | +3.4% | +24.7% |
Challenger | CGF | $8.46 | +2.2% | +15.1% |
Charter Hall Group | CHC | $22.30 | +13.1% | +79.1% |
Charter Hall Long Wale Reit | CLW | $4.51 | +10.0% | +22.2% |
Centuria Capital Group | CNI | $2.15 | +19.1% | +36.9% |
Charter Hall Social Infra. Reit | CQE | $3.31 | +13.7% | +23.0% |
Cedar Woods Properties | CWP | $7.40 | -0.1% | +50.4% |
Dorsavi | DVL | $0.044 | +100.0% | +238.5% |
EDU | EDU | $0.475 | +26.7% | +196.9% |
Emeco | EHL | $0.960 | +10.3% | +20.0% |
Firefly Metals | FFM | $1.225 | +4.7% | +66.7% |
Graincorp | GNC | $8.00 | +8.4% | -9.1% |
GPT Group | GPT | $5.43 | +7.5% | +17.0% |
GWA Group | GWA | $2.75 | +14.6% | +11.8% |
Hub24 | HUB | $109.58 | +5.7% | +121.9% |
Harvey Norman | HVN | $6.01 | +7.3% | +23.9% |
Infratil | IFT | $11.26 | +7.2% | +14.8% |
Iluka Resources | ILU | $6.59 | +22.9% | +20.0% |
Ingenia Communities Group | INA | $5.75 | +10.2% | +12.5% |
JB HI-FI | JBH | $118.65 | +12.0% | +57.9% |
Kingsgate Consolidated | KCN | $2.91 | +20.7% | +112.4% |
Lovisa | LOV | $35.03 | +4.5% | -0.3% |
Lynas Rare Earths | LYC | $15.09 | +49.0% | +144.6% |
Macmahon | MAH | $0.395 | +31.7% | +36.2% |
Metro Mining | MMI | $0.073 | +2.8% | +73.8% |
Motorcycle Holdings | MTO | $3.58 | +17.4% | +203.4% |
Navigator Global Investments | NGI | $2.18 | +20.4% | +26.4% |
Plenti Group | PLT | $1.250 | +38.1% | +77.3% |
Pro Medicus | PME | $318.00 | -1.1% | +113.4% |
Perenti | PRN | $2.08 | +19.2% | +115.5% |
Platinum Asset Management | PTM | $0.730 | +17.7% | -7.8% |
Pexa Group | PXA | $16.34 | +29.2% | +20.2% |
Qube | QUB | $4.47 | +1.6% | +18.3% |
REA Group | REA | $261.24 | +9.0% | +25.4% |
Resmed Inc | RMD | $44.11 | +11.1% | +30.9% |
Scentre Group | SCG | $3.87 | +3.8% | +14.8% |
Seek | SEK | $27.72 | +14.1% | +31.7% |
Shape Australia Corporation | SHA | $4.30 | +2.1% | +77.7% |
Singular Health Group | SHG | $0.350 | +7.7% | +284.6% |
Supply Network | SNL | $39.49 | -0.7% | +51.6% |
SRG Global | SRG | $1.740 | +3.9% | +100.0% |
Shaver Shop Group | SSG | $1.525 | +10.9% | +27.6% |
Saturn Metals | STN | $0.445 | +3.5% | +147.2% |
Super Retail Group | SUL | $16.32 | +9.3% | +5.3% |
Southern Cross Electrical Engineering | SXE | $1.995 | +7.0% | +14.3% |
Turaco Gold | TCG | $0.520 | +13.0% | +108.0% |
Tambourah Metals | TMB | $0.045 | +95.7% | -41.1% |
Unibail-Rodamco-Westfield | URW | $8.16 | +13.8% | +45.5% |
Vanguard Australian Property Index ETF | VAP | $104.85 | +5.1% | +9.8% |
Vanguard Aust. Shares High Yield ETF | VHY | $77.68 | +3.6% | +8.6% |
Viridis Mining and Minerals | VMM | $1.400 | +79.5% | +89.2% |
Vanguard MSCI Aust. Small Co's Index ETF | VSO | $73.44 | +5.5% | +11.3% |
Vysarn | VYS | $0.575 | +8.5% | +47.4% |
Westpac Banking Corporation | WBC | $37.31 | +12.8% | +27.3% |
Weebit Nano | WBT | $2.95 | +30.5% | +45.3% |
Westgold Resources | WGX | $3.18 | +16.5% | +10.8% |
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), The A2 Milk Company (ASX: A2M), Eagers Automotive (ASX: APE), ARB Corporation (ASX: ARB), Autosports Group (ASX: ASG), Benz Mining Corp. (ASX: BNZ), Centuria Capital Group (ASX: CNI), Dorsavi (ASX: DVL), GPT Group (ASX: GPT), Hub24 (ASX: HUB), Iluka Resources (ASX: ILU), JB HI-FI (ASX: JBH), Lynas Rare Earths (ASX: LYC), Macmahon (ASX: MAH), Navigator Global Investments (ASX: NGI), Plenti Group (ASX: PLT), Perenti (ASX: PRN), Pexa Group (ASX: PXA), Resmed Inc (ASX: RMD), Seek (ASX: SEK), SRG Global (ASX: SRG), Shaver Shop Group (ASX: SSG), Super Retail Group (ASX: SUL), Tambourah Metals (ASX: TMB), Unibail-Rodamco-Westfield (ASX: URW), Westpac Banking Corporation (ASX: WBC), Weebit Nano (ASX: WBT).
10 Randomly chosen Feature Uptrend Charts:
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Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
AGL Energy | AGL | $8.67 | -11.0% | -25.1% |
Amcor | AMC | $13.06 | -10.4% | -19.1% |
Austin Engineering | ANG | $0.315 | -14.9% | -45.7% |
Appen | APX | $0.895 | -24.2% | -5.3% |
Bellevue Gold | BGL | $0.870 | -3.9% | -37.9% |
Boss Energy | BOE | $1.690 | -55.9% | -41.7% |
Brightstar Resources | BTR | $0.380 | -21.6% | +1.3% |
CSL | CSL | $225.50 | -11.7% | -25.1% |
Carnarvon Energy | CVN | $0.100 | -13.0% | -41.2% |
GQG Partners | GQG | $1.760 | -21.1% | -38.2% |
HMC Capital | HMC | $3.27 | -13.3% | -58.8% |
Lotus Resources | LOT | $0.155 | -16.2% | -35.4% |
Novonix | NVX | $0.460 | -23.3% | -24.6% |
Paladin Energy | PDN | $6.59 | -17.6% | -35.0% |
Polynovo | PNV | $1.125 | -8.5% | -55.4% |
Redox | RDX | $2.23 | -2.2% | -29.7% |
Silex Systems | SLX | $3.82 | -12.4% | -9.9% |
Strike Energy | STX | $0.105 | -34.4% | -38.2% |
Telix Pharmaceuticals | TLX | $17.53 | -29.8% | -4.8% |
Worley | WOR | $12.90 | -0.9% | -9.4% |
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: AGL Energy (ASX: AGL), Amcor (ASX: AMC), Appen (ASX: APX), Boss Energy (ASX: BOE), CSL (ASX: CSL), HMC Capital (ASX: HMC), Polynovo (ASX: PNV), Redox (ASX: RDX), Strike Energy (ASX: STX), Worley (ASX: WOR).
Feature Downtrend charts:
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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!!!
