TECHNICAL ANALYSIS

ChartWatch ASX Scans: Fortescue, BHP, Rio Tinto, Champion Iron, Nickel Industries, PLS Group, Sandfire Resources, South32

Your daily dose of the most interesting uptrends and downtrends on the ASX with technical analysis from an expert.

Lead Writer and Presenter
Tue 6 Jan 2026, 09:00 AEDT
5 min read
ChartWatch ASX Scans: Fortescue, BHP, Rio Tinto, Champion Iron, Nickel Industries, PLS Group, Sandfire Resources, South32

Source: Shutterstock

KEY POINTS

  • Today’s most interesting uptrends: Alcoa (AAI), BHP (BHP), Champion Iron (CIA), Core Lithium (CXO), Nickel Industries (NIC), PLS Group (PLS), Rio Tinto (RIO), South32 (S32), Sandfire Resources (SFR), Vault Minerals (VAU), West African Resources (WAF).
  • Today’s most interesting downtrends: Aristocrat Leisure (ALL), ASX (ASX), Beach Energy (BPT), Brambles (BXB), Car (CAR), Coles (COL), Pro Medicus (PME), REA (REA), Superloop (SLC), Santos (STO), Lottery Corp (TLC), Temple & Webster (TPW), Xero (XRO).

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. You can also watch these videos 📺 in which I perform live analysis of ASX stocks as requested by viewers, including detailed explanations of how my methodology works.

How to use the Uptrends & Downtrends lists, and Feature Chart lists

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 %
29METALS
29M
$0.570
+46.2%
+132.7%
Alcoa Corp.
AAI
$84.60
+33.6%
+42.6%
Astral Resources
AAR
$0.265
+23.3%
+76.7%
Global X Battery Tech & Lithium ETF
ACDC
$144.76
+6.8%
+63.9%
Antipodes Global Value Active ETF
AGX1
$7.02
+1.0%
+12.1%
Aeris Resources
AIS
$0.605
+31.5%
+245.7%
BetaShares Global Defence ETF
ARMR
$25.47
+10.3%
+49.5%
BetaShares Asia Technology Tigers ETF
ASIA
$15.34
+7.7%
+50.5%
Black Cat Syndicate
BC8
$1.310
+24.8%
+113.0%
Bellevue Gold
BGL
$1.730
+29.1%
+25.4%
Broken Hill Mines
BHM
$1.200
+27.7%
+331.0%
BHP Group
BHP
$46.48
+9.2%
+17.5%
Ballard Mining
BM1
$0.700
+13.8%
0%
Bluescope Steel
BSL
$24.45
+2.0%
+30.8%
Charger Metals
CHR
$0.150
+50.0%
+97.4%
Champion Iron
CIA
$6.42
+10.3%
+11.7%
Centaurus Metals
CTM
$0.580
+36.5%
+75.8%
Civmec
CVL
$1.595
+13.9%
+24.6%
Calix
CXL
$1.490
+148.3%
+98.7%
Core Lithium
CXO
$0.290
+31.8%
+237.2%
Develop Global
DVP
$4.71
+21.7%
+106.6%
iShares MSCI Emerging Markets EX China ETF
EMXC
$33.99
+4.9%
+27.0%
Global X Euro Stoxx 50 ETF
ESTX
$113.35
+2.2%
+26.9%
Firefly Metals
FFM
$2.10
+12.3%
+127.0%
Fortescue
FMG
$22.49
+2.9%
+23.2%
Forrestania Resources
FRS
$0.390
+47.2%
+2685.7%
Great Boulder Resources
GBR
$0.097
+22.8%
+131.0%
Galan Lithium
GLN
$0.345
+32.7%
+187.5%
Genesis Minerals
GMD
$7.54
+15.1%
+205.3%
Global X Physical Gold
GOLD
$60.56
+2.1%
+56.7%
Havilah Resources
HAV
$0.610
+25.8%
+171.1%
Horizon Minerals
HRZ
$1.270
+17.6%
+111.7%
iShares Asia 50 ETF
IAA
$155.17
+7.5%
+40.7%
iShares MSCI Emerging Markets ETF
IEM
$85.77
+3.3%
+26.5%
iShares MSCI South Korea ETF
IKO
$162.84
+13.7%
+90.7%
Ioneer
INR
$0.225
+32.4%
+40.6%
Iperionx
IPX
$6.19
+23.8%
+27.6%
Lindian Resources
LIN
$0.430
+17.8%
+437.5%
Lake Resources
LKE
$0.155
+96.2%
+269.0%
Liontown
LTR
$1.690
+26.1%
+213.0%
Mach7 Technologies
M7T
$0.680
+49.5%
+70.0%
Meeka Metals
MEK
$0.290
+18.4%
+276.6%
Maas Group Holdings
MGH
$5.79
+28.4%
+20.9%
Metals X
MLX
$1.165
+28.0%
+180.7%
Maronan Metals
MMA
$0.450
+28.6%
+119.5%
Mayfield Group Holdings
MYG
$3.25
+16.9%
+333.3%
Newmont Corp.
NEM
$154.15
+11.1%
+158.9%
Nickel Industries
NIC
$0.950
+33.8%
+15.2%
Ora Banda Mining
OBM
$1.550
+23.5%
+138.5%
Orica
ORI
$24.78
+2.9%
+49.5%
SPDR S&P/ASX 200 Resources ETF
OZR
$15.34
+5.1%
+32.5%
Platinum Asia Fund Complex ETF
PAXX
$6.22
+5.1%
+26.9%
PC Gold
PC2
$0.375
+44.2%
0%
PLS Group
PLS
$4.42
+11.9%
+101.8%
Perseus Mining
PRU
$5.74
+0.4%
+123.3%
Regal Asian Investments
RG8
$2.74
+11.8%
+29.2%
Rio Tinto
RIO
$149.59
+10.8%
+27.4%
Ramelius Resources
RMS
$4.32
+19.7%
+108.7%
Resolute Mining
RSG
$1.265
+9.5%
+220.3%
South32
S32
$3.66
+9.6%
+7.6%
St Barbara
SBM
$0.610
+8.0%
+205.0%
Global X Semiconductor ETF
SEMI
$24.58
+6.7%
+41.3%
Sandfire Resources
SFR
$18.45
+13.3%
+98.8%
Stanmore Resources
SMR
$2.53
+6.3%
-15.9%
Silver Mines
SVL
$0.230
+7.0%
+187.5%
Tribeca Global Natural Resources
TGF
$2.50
+19.0%
+73.0%
BetaShares Global Uranium ETF
URNM
$11.48
+12.5%
+41.7%
Vanguard FTSE Asia EX Japan Shares Index ETF
VAE
$99.01
+3.6%
+25.0%
Vault Minerals
VAU
$5.61
+10.7%
+161.5%
Vaneck MSCI International Value ETF
VLUE
$34.11
+4.1%
+27.8%
Ventia Services Group
VNT
$6.07
+2.9%
+68.6%
West African Resources
WAF
$3.19
+7.4%
+83.9%
Western Gold Resources
WGR
$0.210
+31.3%
+650.0%
Westgold Resources
WGX
$6.45
+7.9%
+127.9%
Global X Copper Miners ETF
WIRE
$22.84
+15.4%
+83.7%
Winsome Resources
WR1
$0.510
+70.0%
+25.9%
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: Alcoa Corp. (AAI), Global X Battery Tech & Lithium ETF (ACDC), BetaShares Asia Technology Tigers ETF (ASIA), Black Cat Syndicate (BC8), BHP Group (BHP), Charger Metals (CHR), Champion Iron (CIA), Civmec (CVL), Calix (CXL), Core Lithium (CXO), iShares MSCI Emerging Markets EX China ETF (EMXC), Forrestania Resources (FRS), Great Boulder Resources (GBR), Galan Lithium (GLN), Genesis Minerals (GMD), Havilah Resources (HAV), iShares Asia 50 ETF (IAA), iShares MSCI South Korea ETF (IKO), Ioneer (INR), Lake Resources (LKE), Meeka Metals (MEK), Maas Group Holdings (MGH), Metals X (MLX), Maronan Metals (MMA), Mayfield Group Holdings (MYG), Nickel Industries (NIC), Platinum Asia Fund Complex ETF (PAXX), PLS Group (PLS), Rio Tinto (RIO), Ramelius Resources (RMS), South32 (S32), Global X Semiconductor ETF (SEMI), Sandfire Resources (SFR), Tribeca Global Natural Resources (TGF), Vault Minerals (VAU), West African Resources (WAF), Western Gold Resources (WGR), Winsome Resources (WR1).

10 Randomly chosen Feature Uptrend Charts:

Alcoa Corp. (ASX-AAI) Daily chart 5 January 2026 BHP Group (ASX-BHP) Daily chart 5 January 2026 Champion Iron (ASX-CIA) Daily chart 5 January 2026 Global X Battery Tech & Lithium ETF (ASX-ACDC) Daily chart 5 January 2026 Global X Semiconductor ETF (ASX-SEMI) Daily chart 5 January 2026 Lake Resources (ASX-LKE) Daily chart 5 January 2026 PLS Group (ASX-PLS) Daily chart 5 January 2026 Rio Tinto (ASX-RIO) Daily chart 5 January 2026 Sandfire Resources (ASX-SFR) Daily chart 5 January 2026 South32 (ASX-S32) Daily chart 5 January 2026

ChartWatch *LIVE* Webinar

ChartWatch *LIVE* Webinars – WEEKLY Wednesday's @ 12pm AEDT

Learn more about technical analysis and trend following through real case studies on ASX stocks. Australia's premier technical analyst, Carl Capolingua, shares his unique insights on stocks as requested by viewers. Ask about a company in your portfolio or anything related to trading and investing and get Carl's expert opinion.

Places are limited so >REGISTER NOW!<


Downtrends Scan List 📉

Company
Code
Last Price
1mo %
1yr %
Life360
360
$31.97
-16.5%
+41.8%
Australian Clinical Labs
ACL
$2.59
-9.1%
-24.7%
Aristocrat Leisure
ALL
$54.61
-5.9%
-20.1%
ASX
ASX
$50.84
-11.4%
-21.9%
Accent Group
AX1
$0.935
-7.9%
-60.0%
Beach Energy
BPT
$1.145
-3.8%
-17.9%
Brambles
BXB
$22.54
-5.1%
+17.2%
Car Group
CAR
$29.81
-10.3%
-17.3%
Catapult Sports
CAT
$4.14
-11.5%
+11.0%
Cochlear
COH
$260.52
-5.5%
-10.1%
Coles Group
COL
$21.16
-5.4%
+12.0%
G8 Education
GEM
$0.670
-5.6%
-48.7%
Gentrack Group
GTK
$7.23
-19.0%
-37.6%
Karoon Energy
KAR
$1.510
-6.2%
+8.6%
Kelsian Group
KLS
$4.18
-7.1%
+14.2%
Lendlease Group
LLC
$5.06
-2.3%
-18.8%
Megaport
MP1
$12.03
-13.1%
+59.3%
Motorcycle Holdings
MTO
$3.07
-13.5%
+62.9%
NIB Holdings
NHF
$6.73
-6.0%
+22.8%
Netwealth Group
NWL
$25.44
-7.0%
-11.5%
Nuix
NXL
$1.780
-1.7%
-71.8%
Nextdc
NXT
$12.30
-9.2%
-18.4%
Objective Corp.
OCL
$15.98
-8.5%
+0.6%
Pro Medicus
PME
$215.30
-17.2%
-13.9%
Premier Investments
PMV
$13.68
-23.3%
-43.8%
REA Group
REA
$177.55
-6.8%
-23.9%
Seek
SEK
$22.99
-4.2%
+1.9%
Sonic Healthcare
SHL
$22.22
-5.8%
-17.7%
Superloop
SLC
$2.45
-8.6%
+11.9%
Santos
STO
$6.08
-6.7%
-9.0%
The Lottery Corp.
TLC
$5.08
-6.1%
+2.8%
Telix Pharmaceuticals
TLX
$11.25
-22.1%
-54.3%
Temple & Webster Group
TPW
$12.96
-8.3%
-1.1%
Woodside Energy Group
WDS
$23.33
-8.2%
-5.2%
Xero
XRO
$107.92
-11.1%
-35.5%
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 (ACL), Aristocrat Leisure (ALL), ASX (ASX), Beach Energy (BPT), Brambles (BXB), Car Group (CAR), Coles Group (COL), G8 Education (GEM), NIB Holdings (NHF), Nuix (NXL), Objective Corp. (OCL), Pro Medicus (PME), Premier Investments (PMV), REA Group (REA), Superloop (SLC), Santos (STO), The Lottery Corp. (TLC), Temple & Webster Group (TPW), Xero (XRO).

10 Randomly chosen Feature Downtrend Charts:

Aristocrat Leisure (ASX-ALL) Daily chart 5 January 2026 Brambles (ASX-BXB) Daily chart 5 January 2026 Coles Group (ASX-COL) Daily chart 5 January 2026 Nuix (ASX-NXL) Daily chart 5 January 2026 Pro Medicus (ASX-PME) Daily chart 5 January 2026 REA Group (ASX-REA) Daily chart 5 January 2026 Santos (ASX-STO) Daily chart 5 January 2026 Superloop (ASX-SLC) Daily chart 5 January 2026 Temple & Webster Group (ASX-TPW) Daily chart 5 January 2026 Xero (ASX-XRO) Daily chart 5 January 2026

Important considerations for using the ChartWatch Daily ASX Scans

1. For more information on Carl's trend following information, check out his Technical analysis for beginners: ChartWatch Primer.
2. 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 next trading today. 2. These lists are not exhaustive, they are carefully 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!!!

ABOUT THE AUTHOR

Lead Writer and Presenter

Carl brings more than 30 years of investing experience and a track record of helping thousands of investors navigate every kind of market. A highly regarded commentator on global macro trends and their impact on Australian and US equities, he is also one of Australia's most recognised educators in technical analysis — having taught his distinctive price-action trend following methodology to two generations of investors.

05/06/2026