Technical Analysis

ChartWatch ASX Scans: Cyclone Metals, Emeco, Transurban, Tasmea, Tuas, Weebit Nano, Domino's Pizza, Mineral Resources, Pilbara Minerals

Mon 23 Dec 24, 9:00am (AEDT)
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cle
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Key Points

  • ChartWatch ASX Scans: Cyclone Metals, Emeco, Transurban, Tasmea, Tuas, Weebit Nano, Domino's Pizza, Mineral Resources, Pilbara Minerals
  • Interesting downtrends in today's Scans: Bellevue Gold (BGL), Bluescope (BSL), Collins Foods (CKF), Clarity Pharma (CU6), Clinuvel Pharma (CUV), Domino's Pizza (DMP), IGO (IGO), Liontown (LTR), Lynas Rare Earths (LYC), MinRes (MIN), Syrah Resources (SYR).

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 %

Auswide Bank

ABA

$4.73

+6.3%

-3.1%

Bisalloy Steel Group

BIS

$4.36

+9.8%

+89.6%

Cyclone Metals

CLE

$0.048

+100.0%

+177.7%

Vaneck China New Economy ETF

CNEW

$7.13

+6.4%

+11.6%

Dalrymple Bay Infrastructure/Notes

DBI

$3.54

+5.7%

+30.6%

Emeco

EHL

$0.920

+12.9%

+44.9%

Echoiq

EIQ

$0.265

+17.8%

+60.6%

Orthocell

OCC

$1.240

+98.4%

+213.9%

Singular Health Group

SHG

$0.240

+108.7%

+531.6%

Transurban Group

TCL

$13.47

+7.3%

-2.9%

Tasmea

TEA

$3.04

+8.6%

0%

Tuas

TUA

$5.84

+10.2%

+92.7%

Weebit Nano

WBT

$3.07

+5.1%

-26.7%

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: Cyclone Metals (ASX: CLE), Vaneck China New Economy ETF (ASX: CNEW), Dalrymple Bay Infrastructure/Notes (ASX: DBI), Emeco (ASX: EHL), Singular Health Group (ASX: SHG), Transurban Group (ASX: TCL), Tasmea (ASX: TEA), Tuas (ASX: TUA), Weebit Nano (ASX: WBT).

Charts of each below:

Cyclone Metals (ASX-CLE) chart 20 December 2024Dalrymple Bay Infrastructure Notes (ASX-DBI) chart 20 December 2024Emeco (ASX-EHL) chart 20 December 2024Singular Health Group (ASX-SHG) chart 20 December 2024Tasmea (ASX-TEA) chart 20 December 2024Transurban Group (ASX-TCL) chart 20 December 2024Tuas (ASX-TUA) chart 20 December 2024Vaneck China New Economy ETF (ASX-CNEW) chart 20 December 2024Weebit Nano (ASX-WBT) chart 20 December 2024

Downtrends Scan List

Company

Code

Last Price

1mo %

1yr %

Audinate Group

AD8

$7.29

-18.6%

-55.0%

Atlas Arteria

ALX

$4.58

-3.8%

-18.7%

ANZ Group

ANZ

$27.94

-13.4%

+9.0%

Abacus Storage King

ASK

$1.150

-3.0%

+2.2%

Bellevue Gold

BGL

$1.105

-15.6%

-34.2%

Bluescope Steel

BSL

$19.21

-9.0%

-16.7%

Challenger

CGF

$5.89

-3.1%

-5.6%

Centuria Industrial Reit

CIP

$2.83

-4.7%

-13.7%

Collins Foods

CKF

$7.20

-14.2%

-40.2%

Centuria Office Reit

COF

$1.105

-6.0%

-17.5%

Cochlear

COH

$289.08

-1.3%

-3.4%

Clarity Pharmaceuticals

CU6

$4.55

-23.8%

+169.3%

Clinuvel Pharmaceuticals

CUV

$11.79

-10.4%

-26.5%

Domain Australia

DHG

$2.44

-13.8%

-26.1%

Domino's Pizza Enterprises

DMP

$29.14

-3.3%

-49.2%

Data#3

DTL

$6.40

-17.6%

-23.4%

Emerald Resources

EMR

$3.39

-7.6%

+16.9%

Fletcher Building

FBU

$2.49

-9.1%

-40.8%

Fleetpartners Group

FPR

$2.83

-11.8%

-7.2%

Healthco Healthcare and Wellness Reit

HCW

$1.000

-8.7%

-33.8%

Healius

HLS

$1.365

+3.8%

-9.3%

IDP Education

IEL

$11.49

-9.0%

-44.0%

IGO

IGO

$4.80

-3.2%

-45.9%

Ingenia Communities Group

INA

$4.62

-7.6%

+10.0%

Inghams Group

ING

$3.08

-0.6%

-21.8%

IPH

IPH

$5.00

-2.7%

-23.1%

Lendlease Group

LLC

$6.05

-8.2%

-17.1%

Lovisa

LOV

$29.00

+8.1%

+24.5%

Latin Resources

LRS

$0.140

-24.3%

-40.4%

Liontown Resources

LTR

$0.530

-32.9%

-67.5%

Lynas Rare Earths

LYC

$6.32

-8.0%

-6.4%

Mineral Resources

MIN

$32.88

-2.8%

-51.6%

McMillan Shakespeare

MMS

$14.13

-5.4%

-13.3%

Megaport

MP1

$7.31

-12.6%

-24.2%

Neuren Pharmaceuticals

NEU

$12.14

-2.3%

-23.3%

Nufarm

NUF

$3.58

-12.0%

-29.9%

Nextdc

NXT

$15.09

-7.8%

+14.0%

Orica

ORI

$16.80

-7.5%

+2.1%

Pilbara Minerals

PLS

$2.07

-26.1%

-46.2%

Polynovo

PNV

$1.950

-2.0%

+18.2%

Perpetual

PPT

$19.61

-7.2%

-22.8%

Platinum Asset Management

PTM

$0.640

-21.0%

-38.7%

PWR Holdings

PWH

$7.95

+3.8%

-19.8%

Ramsay Health Care

RHC

$34.40

-8.9%

-32.6%

Sims

SGM

$11.67

-6.1%

-24.1%

The Star Entertainment Group

SGR

$0.190

-9.5%

-64.5%

Strike Energy

STX

$0.190

-11.6%

-56.8%

Syrah Resources

SYR

$0.175

-23.9%

-72.6%

Tyro Payments

TYR

$0.790

-16.8%

-26.2%

Whitehaven Coal

WHC

$5.98

-10.3%

-16.9%

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: Bellevue Gold (ASX: BGL), Bluescope Steel (ASX: BSL), Centuria Industrial Reit (ASX: CIP), Collins Foods (ASX: CKF), Centuria Office Reit (ASX: COF), Clarity Pharmaceuticals (ASX: CU6), Clinuvel Pharmaceuticals (ASX: CUV), Domino's Pizza Enterprises (ASX: DMP), Fleetpartners Group (ASX: FPR), IGO (ASX: IGO), Lendlease Group (ASX: LLC), Liontown Resources (ASX: LTR), Lynas Rare Earths (ASX: LYC), Mineral Resources (ASX: MIN), McMillan Shakespeare (ASX: MMS), Megaport (ASX: MP1), Neuren Pharmaceuticals (ASX: NEU), Nufarm (ASX: NUF), Nextdc (ASX: NXT), Orica (ASX: ORI), Pilbara Minerals (ASX: PLS), Polynovo (ASX: PNV), Perpetual (ASX: PPT), Ramsay Health Care (ASX: RHC), Sims (ASX: SGM), Syrah Resources (ASX: SYR).

Charts of each below:

Bellevue Gold (ASX-BGL) chart 20 December 2024Bluescope Steel (ASX-BSL) chart 20 December 2024Centuria Industrial Reit (ASX-CIP) chart 20 December 2024Centuria Office Reit (ASX-COF) chart 20 December 2024Clarity Pharmaceuticals (ASX-CU6) chart 20 December 2024Clinuvel Pharmaceuticals (ASX-CUV) chart 20 December 2024Collins Foods (ASX-CKF) chart 20 December 2024Domino-s Pizza Enterprises (ASX-DMP) chart 20 December 2024Fleetpartners Group (ASX-FPR) chart 20 December 2024IGO (ASX-IGO) chart 20 December 2024Lendlease Group (ASX-LLC) chart 20 December 2024Liontown Resources (ASX-LTR) chart 20 December 2024Lynas Rare Earths (ASX-LYC) chart 20 December 2024McMillan Shakespeare (ASX-MMS) chart 20 December 2024Megaport (ASX-MP1) chart 20 December 2024Mineral Resources (ASX-MIN) chart 20 December 2024Neuren Pharmaceuticals (ASX-NEU) chart 20 December 2024Nextdc (ASX-NXT) chart 20 December 2024Nufarm (ASX-NUF) chart 20 December 2024Orica (ASX-ORI) chart 20 December 2024Perpetual (ASX-PPT) chart 20 December 2024Pilbara Minerals (ASX-PLS) chart 20 December 2024Polynovo (ASX-PNV) chart 20 December 2024Ramsay Health Care (ASX-RHC) chart 20 December 2024Sims (ASX-SGM) chart 20 December 2024Syrah Resources (ASX-SYR) chart 20 December 2024

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.

 

Written By

Carl Capolingua

Content Editor

Carl has over 30-year's 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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