Evening Wrap: ASX 200 logs ninth consecutive win to close out solid week of gains, as gold and iron ore stocks rally
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Technical Analysis
/ChartWatch ASX Scans: Gold stocks special! BC8, CYL, DEG, EMR EVN, MM8, NEM, NST, OBM, OZM, SPR, SX2 TCG
Technical Analysis
ChartWatch ASX Scans: Gold stocks special! BC8, CYL, DEG, EMR EVN, MM8, NEM, NST, OBM, OZM, SPR, SX2 TCG
Mon 14 Apr 25, 9:15am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Black Cat Syndicate (BC8), Catalyst Metals (CYL), De Grey Mining (DEG), Emerald Resources (EMR), Evolution Mining (EVN), Newmont (NEM), Northern Star (NST), Ozaurum Resources (OZM), Spartan Resources (SPR).
- Interesting downtrends in today's Scans: Cochlear (COH), Graincorp (GNC), Healthco Healthcare and Wellness Reit (HCW), Imugene (IMU), Lindsay Australia (LAU), Monash IVF (MVF), Paradigm Biopharmaceuticals. (PAR), Ramsay Health Care (RHC).
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.
Gold has always been viewed by market participants as a safe haven asset. It is no coincidence that the price of gold has made new high after new high since President Trump won the 2024 US election. More recently, his radical trade policies have rattled stock and bond markets, making the relative safety of gold even more appealing.
Aussie investors enjoy access to some of the best performing gold stocks on the planet. Many of these have been the mainstay of my Uptrends Scan List for the better part of a year now. Take for example these fantastic performances:
Black Cat Syndicate (BC8): First Featured 29 May 2024 at a closing price of $0.365, Featured today for the 24th time at a price of $1.08.
Catalyst Metals (CYL): First Featured 27 May 2024 at a closing price of $1.14, Featured today for the 40th time at a last price of $6.21.
Evolution Mining (EVN): First Featured 24 July 2024 at a closing price of $4.10, Featured today for the 21st time at a price of $7.70.
Ora Banda Mining (OBM): First Featured 13 June 2024 at a closing price of $0.27, Featured today for the 25th time at a price of $1.24.
Spartan Resources (SPR): First Featured 28 May 2024 at a closing price of $0.78, Featured today for the 25th time at a price of $2.10.
Note that a "Feature" chart indicates the highest conviction, and each of the above have additionally appeared in the main Uptrends Scan List countless other times.
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 % |
Austal | ASB | $4.68 | +26.5% | +98.3% |
Abacus Storage King | ASK | $1.450 | +27.2% | +22.4% |
Black Cat Syndicate | BC8 | $1.080 | +26.3% | +359.6% |
Catalyst Metals | CYL | $6.21 | +32.7% | +733.6% |
De Grey Mining | DEG | $2.50 | +23.8% | +90.8% |
Vaneck Global Defence ETF | DFND | $29.99 | +6.5% | 0% |
Emerald Resources | EMR | $4.12 | +2.7% | +17.7% |
Evolution Mining | EVN | $7.70 | +19.2% | +94.4% |
Vaneck Gold Miners ETF | GDX | $78.00 | +15.3% | +47.8% |
Global X Gold Bullion ETF | GXLD | $51.71 | +11.0% | 0% |
Medallion Metals | MM8 | $0.260 | +73.3% | +333.3% |
Newmont Corporation | NEM | $83.31 | +19.9% | +39.3% |
Northern Star Resources | NST | $21.40 | +23.1% | +39.3% |
Ora Banda Mining | OBM | $1.240 | +18.1% | +287.5% |
Ozaurum Resources | OZM | $0.120 | +84.6% | +62.2% |
Rox Resources | RXL | $0.395 | +23.4% | +114.9% |
Supply Network | SNL | $38.24 | +5.3% | +93.1% |
Spartan Resources | SPR | $2.10 | +40.0% | +217.8% |
Southern Cross Gold | SX2 | $4.94 | +31.7% | 0% |
Turaco Gold | TCG | $0.425 | +34.9% | +150.0% |
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: Austal (ASX: ASB), Black Cat Syndicate (ASX: BC8), Catalyst Metals (ASX: CYL), De Grey Mining (ASX: DEG), Emerald Resources (ASX: EMR), Evolution Mining (ASX: EVN), Medallion Metals (ASX: MM8), Newmont Corporation (ASX: NEM), Northern Star Resources (ASX: NST), Ora Banda Mining (ASX: OBM), Ozaurum Resources (ASX: OZM), Supply Network (ASX: SNL), Spartan Resources (ASX: SPR), Southern Cross Gold (ASX: SX2), Turaco Gold (ASX: TCG),
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Cochlear | COH | $250.58 | -4.0% | -21.9% |
Elanor Commercial Property Fund | ECF | $0.560 | -5.9% | -19.7% |
Graincorp | GNC | $6.55 | -2.1% | -20.8% |
Healthco Healthcare and Wellness Reit | HCW | $0.815 | -7.9% | -31.8% |
Imugene | IMU | $0.024 | -29.4% | -74.7% |
Lindsay Australia | LAU | $0.645 | -6.5% | -39.7% |
Meteoric Resources | MEI | $0.067 | +1.5% | -72.1% |
Monash IVF Group | MVF | $0.690 | -40.0% | -51.4% |
Paradigm Biopharmaceuticals. | PAR | $0.290 | -29.3% | -4.9% |
Ramsay Health Care | RHC | $32.09 | -3.5% | -38.5% |
Skycity Entertainment Group | SKC | $1.070 | -7.4% | -39.5% |
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: Cochlear (ASX: COH), Elanor Commercial Property Fund (ASX: ECF), Graincorp (ASX: GNC), Healthco Healthcare and Wellness Reit (ASX: HCW), Imugene (ASX: IMU), Lindsay Australia (ASX: LAU), Monash IVF Group (ASX: MVF), Paradigm Biopharmaceuticals. (ASX: PAR), Ramsay Health Care (ASX: RHC).
Charts of each below:
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.
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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