Evening Wrap: ASX 200 finishes flat (again) after RBA surprises everyone; banks gain led by CBA, gold stocks shine
Tue 08 Jul 25, 5:13pm (AEST)
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Technical Analysis
/ChartWatch ASX Scans: Defence big guns ARMR, DTEC, DRO, and ELS fire up, IEL and NUF dead cat bounces continue
Technical Analysis
ChartWatch ASX Scans: Defence big guns ARMR, DTEC, DRO, and ELS fire up, IEL and NUF dead cat bounces continue
Thu 05 Jun 25, 9:15am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Almonty (AII), Aurelia Metals (AMI), Commonwealth Bank (CBA), Droneshield (DRO), Elsight (ELS), Karoon Energy (KAR), Locksley Resources (LKY), Lovisa (LOV), Macquarie (MQG), Wesfarmers (WES), Xero (XRO), Zip Co (ZIP).
- Interesting downtrends in today's Scans: Botanix Pharmaceuticals (BOT), Coast Entertainment (CEH), IDP Education (IEL), Nufarm (NUF), Nuix (NXL), Redox (RDX), Skycity Entertainment Group (SKC).
With the Aussie benchmark notching a third record high in the last four trading sessions on a total return basis, there was always going to be a good chance that today's Edition was going to be chockers-stuffed with Uptrends Scan List constituents, and by extension, Feature Uptrends.
What's great about today's +70 Uptrends Scan List and +30 Feature Uptrends is the diverse range of sectors they come from. A broad market rally tends to be a sustainable one.
But in even the best bull market, there are always a handful of stocks whose business models and management are just so terrible, or (let's provide an out here) the global economy and consumer trends have conspired so cruelly against them – that their charts present fantastic short selling opportunities. You'll find a sorry group of potential candidates to this end in today's Downtrends Scan Lists and Feature Downtrends.
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 % |
Astral Resources | AAR | $0.190 | +22.6% | +113.5% |
Aussie Broadband | ABB | $4.26 | +2.2% | +24.6% |
Adriatic Metals | ADT | $5.23 | +33.4% | +28.8% |
Australian Finance Group | AFG | $2.28 | +21.0% | +57.2% |
Almonty Industries | AII | $3.50 | +33.6% | +483.3% |
AMA Group | AMA | $0.105 | +40.0% | +166.8% |
Aurelia Metals | AMI | $0.340 | +17.2% | +83.8% |
Aspen Group | APZ | $3.56 | +16.7% | +97.8% |
BetaShares Australian Quality ETF | AQLT | $33.13 | +7.6% | +17.4% |
BetaShares Global Defence ETF | ARMR | $23.28 | +8.8% | 0% |
Austal | ASB | $5.94 | +15.8% | +151.7% |
BetaShares S&P/ASX Australian Technology ETF | ATEC | $31.38 | +12.8% | +31.3% |
Australian United Investment Company | AUI | $11.16 | +7.8% | +9.4% |
Antipa Minerals | AZY | $0.660 | +28.2% | +407.7% |
Bendigo and Adelaide Bank | BEN | $12.76 | +12.5% | +16.7% |
Bravura Solutions | BVS | $2.52 | +16.7% | +146.5% |
Catapult Group International | CAT | $6.22 | +51.7% | +228.2% |
Commonwealth Bank of Australia | CBA | $181.10 | +8.6% | +51.5% |
Cuscal Group | CCL | $2.97 | +10.4% | 0% |
Challenger Gold | CEL | $0.094 | +17.5% | +28.8% |
Charter Hall Group | CHC | $18.86 | +4.5% | +55.6% |
Charter Hall Long Wale Reit | CLW | $4.21 | +6.6% | +21.3% |
Computershare | CPU | $41.25 | +5.9% | +55.4% |
Charter Hall Retail Reit | CQR | $4.04 | +4.9% | +23.5% |
Droneshield | DRO | $1.575 | +20.7% | +45.8% |
Global X Defence Tech ETF | DTEC | $16.12 | +9.8% | 0% |
Dateline Resources | DTR | $0.145 | +291.9% | +935.7% |
Develop Global | DVP | $4.07 | +20.8% | +73.9% |
Elsight | ELS | $1.100 | +136.6% | +185.7% |
EML Payments | EML | $1.155 | +19.1% | +23.5% |
Green Critical Minerals | GCM | $0.022 | +69.2% | +144.4% |
Graincorp | GNC | $7.85 | +14.9% | -3.4% |
Gentrack Group | GTK | $11.49 | +2.7% | +29.8% |
BetaShares Global Cybersecurity ETF | HACK | $15.40 | +7.8% | +39.4% |
Hub24 | HUB | $85.20 | +8.8% | +99.1% |
Harvey Norman | HVN | $5.53 | +4.5% | +24.0% |
Insurance Australia Group | IAG | $8.88 | +6.7% | +43.2% |
iShares MSCI South Korea ETF | IKO | $101.08 | +7.9% | +4.8% |
iShares S&P/ASX Small Ordinaries ETF | ISO | $5.03 | +6.1% | +8.6% |
JB HI-FI | JBH | $112.24 | +8.3% | +94.8% |
Karoon Energy | KAR | $1.740 | +22.5% | -3.6% |
Kingsgate Consolidated | KCN | $2.19 | +16.2% | +20.3% |
Locksley Resources | LKY | $0.115 | +422.7% | +210.8% |
Lovisa | LOV | $32.00 | +28.8% | -5.6% |
Munro Global Growth Fund ETF | MAET | $7.00 | +7.5% | +13.8% |
MFF Capital Investments | MFF | $4.40 | +8.4% | +24.6% |
Macquarie Group | MQG | $217.24 | +10.9% | +13.8% |
Vaneck Australian Banks ETF | MVB | $41.40 | +9.2% | +24.0% |
Mystate | MYS | $4.33 | +12.2% | +20.6% |
National Australia Bank | NAB | $38.60 | +9.3% | +13.8% |
Ora Banda Mining | OBM | $1.265 | +18.2% | +289.2% |
Peak Rare Earths | PEK | $0.275 | +161.3% | +36.4% |
Pro Medicus | PME | $283.33 | +17.6% | +135.9% |
Pinnacle Investment Management Group | PNI | $20.68 | +12.4% | +58.3% |
Pantoro | PNR | $3.69 | +18.3% | +135.9% |
Pepper Money | PPM | $1.860 | +14.8% | +29.2% |
Perenti | PRN | $1.635 | +18.5% | +62.7% |
Peak Minerals | PUA | $0.023 | +130.0% | +1331.3% |
QBE Insurance Group | QBE | $23.95 | +12.2% | +34.6% |
St Barbara | SBM | $0.355 | +12.7% | +51.1% |
SGH | SGH | $53.11 | +5.9% | +35.5% |
Superloop | SLC | $2.81 | +11.1% | +99.3% |
Santana Minerals | SMI | $0.630 | +12.5% | +72.6% |
Suncorp Group | SUN | $21.30 | +4.7% | +35.9% |
SPDR MSCI Australia Select High Dividend Yield Fund ETF | SYI | $30.79 | +5.2% | +10.6% |
Temple & Webster Group | TPW | $23.50 | +36.4% | +140.3% |
BetaShares Global Uranium ETF | URNM | $8.18 | +18.4% | -22.8% |
Warriedar Resources | WA8 | $0.120 | +25.0% | +122.2% |
Wesfarmers | WES | $84.60 | +6.4% | +30.4% |
Waratah Minerals | WTM | $0.360 | +80.0% | +188.0% |
Xero | XRO | $188.87 | +13.6% | +39.9% |
Zip Co. | ZIP | $2.21 | +36.8% | +97.3% |
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: ustralian Finance Group (ASX: AFG), Almonty Industries (ASX: AII), AMA Group (ASX: AMA), Aurelia Metals (ASX: AMI), Aspen Group (ASX: APZ), Austal (ASX: ASB), Bendigo and Adelaide Bank (ASX: BEN), Catapult Group International (ASX: CAT), Commonwealth Bank of Australia (ASX: CBA), Droneshield (ASX: DRO), Develop Global (ASX: DVP), Elsight (ASX: ELS), Green Critical Minerals (ASX: GCM), Graincorp (ASX: GNC), Hub24 (ASX: HUB), Harvey Norman (ASX: HVN), iShares MSCI South Korea ETF (ASX: IKO), Karoon Energy (ASX: KAR), Locksley Resources (ASX: LKY), Lovisa (ASX: LOV), Macquarie Group (ASX: MQG), Vaneck Australian Banks ETF (ASX: MVB), Mystate (ASX: MYS), Pinnacle Investment Management Group (ASX: PNI), Peak Minerals (ASX: PUA), QBE Insurance Group (ASX: QBE), Superloop (ASX: SLC), Santana Minerals (ASX: SMI), Suncorp Group (ASX: SUN), SPDR MSCI Australia Select High Dividend Yield Fund ETF (ASX: SYI), Temple & Webster Group (ASX: TPW), Wesfarmers (ASX: WES), Xero (ASX: XRO), Zip Co. (ASX: ZIP).
10 Randomly Picked Feature Uptrend Charts:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Botanix Pharmaceuticals | BOT | $0.315 | -28.4% | +14.5% |
Coast Entertainment | CEH | $0.390 | -4.9% | -22.0% |
Dicker Data | DDR | $8.05 | -4.5% | -13.0% |
Domino's Pizza Enterprises | DMP | $21.86 | -12.3% | -43.5% |
G8 Education | GEM | $1.205 | -4.7% | 0% |
Healthco Healthcare and Wellness Reit | HCW | $0.770 | -9.9% | -31.6% |
Healius | HLS | $0.870 | -24.8% | -6.4% |
Humm Group | HUM | $0.450 | -10.0% | -2.2% |
Horizon Oil | HZN | $0.170 | -5.6% | 0% |
Integral Diagnostics | IDX | $2.39 | +1.3% | -2.0% |
IDP Education | IEL | $3.78 | -59.9% | -76.3% |
Ioneer | INR | $0.115 | -11.5% | -46.5% |
Monash IVF Group | MVF | $0.770 | -6.7% | -45.8% |
New Hope Corporation | NHC | $3.70 | -0.5% | -25.6% |
Nufarm | NUF | $2.14 | -43.4% | -52.1% |
Nuix | NXL | $2.40 | +1.3% | -22.6% |
Redox | RDX | $2.39 | -13.1% | -22.7% |
Rio Tinto | RIO | $109.68 | -4.8% | -15.0% |
Skycity Entertainment Group | SKC | $0.840 | -15.6% | -46.7% |
Strike Energy | STX | $0.160 | -11.1% | -23.8% |
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: Botanix Pharmaceuticals (ASX: BOT), Coast Entertainment (ASX: CEH), IDP Education (ASX: IEL), Nufarm (ASX: NUF), Nuix (ASX: NXL), Redox (ASX: RDX), Skycity Entertainment Group (ASX: SKC).
Charts of each below:
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.
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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