Big fund managers hate CBA because it's "overvalued", but the trend is your friend!
Tue 24 Jun 25, 9:15am (AEST)
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Technical Analysis
/ChartWatch ASX Scans: Life360, Bravura Solutions, Nickel Industries, Nuix, Opthea, Pro Medicus, Supply Network, Yancoal
Technical Analysis
ChartWatch ASX Scans: Life360, Bravura Solutions, Nickel Industries, Nuix, Opthea, Pro Medicus, Supply Network, Yancoal
Tue 08 Oct 24, 9:32am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Life360 (360), Ansell (ANN), Brainchip (BRN), Bravura Solutions (BVS), Hub24 (HUB), Iperionx (IPX), Nickel Industries (NIC), Opthea (OPT), Pro Medicus (PME), Siteminder (SDR), Sandfire Resources (SFR), Yancoal (YAL).
- Interesting downtrends in today's Scans: Atlas Arteria (ALX).
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 % |
Life360 | 360 | $20.45 | +9.9% | +150.3% |
Alpha HPA | A4N | $1.120 | +29.5% | +47.4% |
Aeris Resources | AIS | $0.240 | +45.5% | +36.1% |
Aristocrat Leisure | ALL | $57.95 | +5.6% | +42.5% |
Ansell | ANN | $32.54 | +8.3% | +49.5% |
BetaShares Asia Technology Tigers ETF | ASIA | $10.07 | +17.6% | +36.1% |
BetaShares S&P/ASX Australian Technology ETF | ATEC | $27.25 | +5.6% | +45.4% |
Global X Uranium ETF | ATOM | $15.18 | +24.6% | +12.4% |
Aurum Resources | AUE | $0.470 | +40.3% | +347.6% |
Bega Cheese | BGA | $5.33 | +4.7% | +109.0% |
Brickworks | BKW | $28.86 | +9.6% | +16.6% |
Brainchip | BRN | $0.280 | +80.6% | +43.6% |
Bravura Solutions | BVS | $1.560 | +20.0% | +121.3% |
Vaneck FTSE China A50 ETF | CETF | $66.79 | +40.2% | +28.0% |
Capstone Copper Corp. | CSC | $11.96 | +29.3% | 0% |
Djerriwarrh Investments | DJW | $3.21 | +2.9% | +14.2% |
Future Generation Global | FGG | $1.385 | +4.1% | +15.4% |
Helia Group | HLI | $4.14 | +4.8% | +25.8% |
Hub24 | HUB | $61.26 | +10.5% | +92.5% |
Iperionx | IPX | $3.59 | +29.1% | +147.6% |
iShares S&P/ASX Small Ordinaries ETF | ISO | $4.83 | +8.8% | +19.3% |
iShares China Large-Cap ETF | IZZ | $53.73 | +39.9% | +32.9% |
Lovisa | LOV | $36.34 | +12.0% | +98.0% |
LTR Pharma | LTP | $2.00 | +14.9% | 0% |
MA Financial Group | MAF | $5.66 | +8.8% | +25.2% |
Meeka Metals | MEK | $0.066 | +29.4% | +37.5% |
Magellan Financial Group | MFG | $10.24 | +13.8% | +14.9% |
Vaneck Australian Equal Weight ETF | MVW | $38.02 | +5.1% | +15.7% |
Nickel Industries | NIC | $0.935 | +23.8% | +29.0% |
Netwealth Group | NWL | $25.60 | +17.7% | +76.6% |
Nuix | NXL | $6.62 | +35.1% | +374.6% |
Opthea | OPT | $0.895 | +67.3% | +190.0% |
Pro Medicus | PME | $182.31 | +17.5% | +121.3% |
Pinnacle Investment Management Group | PNI | $18.74 | +14.1% | +117.4% |
Regis Healthcare | REG | $6.49 | +24.3% | +153.5% |
Siteminder | SDR | $6.42 | +32.1% | +41.4% |
Seek | SEK | $24.97 | +10.6% | +16.8% |
Sandfire Resources | SFR | $10.91 | +31.4% | +81.2% |
Santana Minerals | SMI | $2.25 | +17.2% | +320.6% |
Supply Network | SNL | $31.99 | +9.4% | +110.7% |
Sovereign Metals | SVM | $0.730 | +6.6% | +82.5% |
Seven Group | SVW | $43.59 | +7.3% | +49.1% |
Technology One | TNE | $24.60 | +8.4% | +60.7% |
Temple & Webster Group | TPW | $13.09 | +16.1% | +120.0% |
Tuas | TUA | $5.46 | +27.6% | +163.8% |
Vulcan Energy Resources | VUL | $4.60 | +24.3% | +62.0% |
Yancoal Australia | YAL | $6.28 | +18.5% | +23.1% |
Today's Uptrends Scan List
Feature charts from today's Uptrends List 🔎📈
Life360 (ASX: 360), Ansell (ASX: ANN), BetaShares Asia Technology Tigers ETF (ASX: ASIA), Brainchip (ASX: BRN), Bravura Solutions (ASX: BVS), Hub24 (ASX: HUB), Iperionx (ASX: IPX), iShares S&P/ASX Small Ordinaries ETF (ASX: ISO), Nickel Industries (ASX: NIC), Netwealth Group (ASX: NWL), Nuix (ASX: NXL), Opthea (ASX: OPT), Pro Medicus (ASX: PME), Pinnacle Investment Management Group (ASX: PNI), Regis Healthcare (ASX: REG), Siteminder (ASX: SDR), Sandfire Resources (ASX: SFR), Supply Network (ASX: SNL), Technology One (ASX: TNE), Vulcan Energy Resources (ASX: VUL), Yancoal Australia (ASX: YAL).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Atlas Arteria | ALX | $4.72 | -4.3% | -13.1% |
Tyro Payments | TYR | $0.895 | -13.1% | -31.9% |
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: Atlas Arteria (ASX: ALX).
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-years 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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