ChartWatch ASX Scans: Mineral Resources and Pilbara Minerals are on the comeback trail as Domino's falls
Your daily dose of the most interesting uptrends and downtrends on the ASX with technical analysis from an expert.

Source: Shutterstock
Mentioned
KEY POINTS
- Interesting uptrends in today's Scans: Alkane (ALK), Austal (ASB), Barton Gold (BGD), BHP (BHP), Capricorn Metals (CMM), Coles (COL), Electro Optic Systems (EOS), Falcon Metals (FAL), Mineral Resources (MIN), Pilbara Minerals (PLS), St Barbara (SBM).
- Interesting downtrends in today's Scans: Audinate Group (AD8), Endeavour Group (EDV), Ebos Group (EBO), Inghams Group (ING), Domino's Pizza Enterprises (DMP), Stanmore Resources (SMR), Xero (XRO), Reece (REH), Yancoal Australia (YAL).
There were plenty of headlines banging around yesterday about Domino's Pizza Enterprises (DMP) surprising analysts with another disappointing set of results. Can I say, that the only investors surprised by DMP's results and corresponding 22% plunge โ were those who failed to, or did not know how to read a chart!
Domino's Pizza Enterprises (DMP) chart - if only there was a way for investors to tell it was in trouble before the results!? ๐ค
Because there isn't a single regular reader of ChartWatch ASX Scans who would've been surprised by DMP's fall yesterday โ indeed, most would have expected it. But, earnings season presents a significant challenge to even trend followers like me. There have been several stocks that I'd argue did indeed surprise analysts with disappointing results โ they'd be the ones that were in uptrends prior to their results โ and then plunged afterwards ๐ฅ.
An example of a stock that did surprise analysts in a bad way. EVT (EVT) was a stalwart of the Uptrends Scan List prior to it's earnings release and subsequent fall โ but this is part and parcel of trend trading โ taking the good with the bad!
You see, I find that more often than not ("MOTN") a stock's price tends to move in the direction of the trend it was travelling in prior to earnings. This is because if a stock is in a strong uptrend, it's likely because its business is booming and analysts know it. Its earnings usually confirm this, and often, much more.
But more often than not, the outcomes tends to be good... If a stock is in an uptrend, it's likely because it's a fantastic business, take Lovisa's (LOV) post-earnings jump. It has also been an Uptrends Scan List stalwart.
Just as much as an uptrend generally signals a stock with strong fundamentals, a downtrend usually signals the opposite โ and again, the analysts are already wise to this. Struggling companies rarely have charts with fantastic uptrends, as it seems DMP shareholders have been reminded! ๐คฆ
But, trends can and do change. Not usually from charts that look like DMP's, though. At least not at first. They typically go through a basing pattern as demand steps into neutralise the prevailing environment of excess demand. Then, short term uptrends emerge, peaks and troughs begin to rise, and candles swing back to white and downward pointing shadows... ๐๐
Two stocks that not very long ago were regulars in the Downtrends Scan Lists have reappeared in the Uptrends Scan List today โ lithium majors Mineral Resources (MIN) and Pilbara Minerals (PLS). I'll let you scroll down to check out their charts, as well as the rest of what is a very large Feature Uptrend group.
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 โ 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 โ they'll keep appearing. But note, there won't be any notifications when they don't โ so you'll have to do your own research on when a particular trend changes!
Uptrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
The A2 Milk Company | A2M | $9.29 | +14.8% | +61.0% |
Global X Battery Tech & Lithium ETF | ACDC | $106.57 | +7.2% | +32.9% |
Alkane Resources | ALK | $1.040 | +46.5% | +147.6% |
Eagers Automotive | APE | $22.55 | +18.5% | +119.6% |
Austal | ASB | $7.12 | +13.0% | +206.9% |
Ausgold | AUC | $0.875 | +56.3% | +136.5% |
Aurum Resources | AUE | $0.610 | +29.8% | +64.9% |
Baby Bunting Group | BBN | $2.61 | +45.8% | +61.1% |
Barton Gold | BGD | $0.875 | +26.8% | +250.0% |
BHP Group | BHP | $43.22 | +6.9% | +6.3% |
Brickworks | BKW | $35.23 | +7.5% | +33.1% |
Balkan Mining | BMM | $0.275 | +358.3% | +374.1% |
Catapult Group International | CAT | $6.43 | -3.5% | +209.1% |
Chalice Mining | CHN | $1.830 | +6.4% | +62.7% |
Capricorn Metals | CMM | $10.56 | +16.0% | +75.7% |
Vaneck China New Economy ETF | CNEW | $8.46 | +12.2% | +62.7% |
Chorus | CNU | $8.85 | +12.0% | +21.9% |
Coles Group | COL | $23.38 | +15.2% | +25.9% |
Data#3 | DTL | $9.06 | +20.3% | +12.0% |
Dateline Resources | DTR | $0.265 | +120.8% | +2844.4% |
Dorsavi | DVL | $0.043 | +79.2% | +207.1% |
Deep Yellow | DYL | $1.770 | +13.5% | +77.0% |
EDU | EDU | $0.515 | +17.0% | +202.9% |
Emeco | EHL | $1.050 | +16.7% | +28.8% |
Electro Optic Systems | EOS | $6.12 | +94.9% | +238.1% |
Eroad | ERD | $2.20 | +59.4% | +83.3% |
Falcon Metals | FAL | $0.950 | +97.9% | +233.3% |
Fineos Corporation | FCL | $3.04 | +14.7% | +126.9% |
Firetrail Aust Small Co's ETF | FSML | $2.08 | +10.3% | 0% |
Gateway Mining | GML | $0.045 | +80.0% | +95.7% |
Hipages Group | HPG | $1.315 | +34.2% | +13.4% |
IPD Group | IPG | $4.32 | +17.7% | -7.7% |
Iperionx | IPX | $7.13 | +14.1% | +230.1% |
Kelsian Group | KLS | $5.02 | +29.0% | +0.2% |
Kina Securities | KSL | $1.390 | +4.1% | +36.3% |
Lumos Diagnostics | LDX | $0.130 | +94.0% | +246.4% |
MA Financial Group | MAF | $9.39 | +15.5% | +82.3% |
Mineral Resources | MIN | $37.45 | +24.4% | -16.4% |
Medallion Metals | MM8 | $0.325 | +35.4% | +480.4% |
Monadelphous Group | MND | $21.40 | +12.6% | +63.6% |
Megaport | MP1 | $16.53 | +13.5% | +84.9% |
Metal Powder Works | MPW | $3.72 | +109.0% | -52.3% |
Mithril Resources | MTH | $0.665 | +30.4% | +478.3% |
Motorcycle Holdings | MTO | $3.65 | +5.8% | +196.7% |
Vaneck Small Companies ETF | MVS | $22.31 | +9.5% | +14.2% |
Neuren Pharmaceuticals | NEU | $19.00 | +13.8% | +22.4% |
New Murchison Gold | NMG | $0.020 | +11.1% | +233.3% |
Nanoveu | NVU | $0.105 | +45.8% | +275.0% |
NRW | NWH | $3.91 | +22.6% | +22.2% |
Nexgen Energy | NXG | $11.28 | +4.9% | +30.6% |
Pilbara Minerals | PLS | $2.34 | +39.7% | -21.5% |
Pantoro | PNR | $4.60 | +24.0% | +157.7% |
Pepper Money | PPM | $2.17 | +13.6% | +65.5% |
Perenti | PRN | $2.35 | +33.9% | +139.8% |
Peter Warren Automotive | PWR | $1.935 | +13.8% | +8.7% |
Qoria | QOR | $0.650 | +15.0% | +103.1% |
BetaShares Australian Resources ETF | QRE | $7.67 | +7.9% | +12.8% |
St Barbara | SBM | $0.370 | +29.8% | +54.2% |
Sandfire Resources | SFR | $12.72 | +14.0% | +42.9% |
Ricegrowers | SGLLV | $16.00 | +38.6% | +89.8% |
SKS Technologies Group | SKS | $2.96 | +31.6% | +98.7% |
Star Minerals | SMS | $0.064 | +120.7% | +85.3% |
Washington H Soul Pattinson | SOL | $43.22 | +6.7% | +25.7% |
SRG Global | SRG | $1.995 | +22.0% | +114.5% |
Strickland Metals | STK | $0.145 | +1.4% | +47.4% |
Southern Cross Media | SXL | $0.840 | +42.4% | +50.0% |
Sayona Mining | SYA | $0.028 | +27.3% | 0% |
Tribeca Natural Resources | TGF | $1.575 | +7.5% | +12.1% |
Tuas | TUA | $7.93 | +48.8% | +89.3% |
Vault Minerals | VAU | $0.530 | +39.5% | +51.4% |
VGI Global Investments | VG1 | $1.845 | +3.9% | -2.9% |
Vection Technologies | VR1 | $0.052 | +26.8% | +246.7% |
Warriedar Resources | WA8 | $0.160 | +10.3% | +150.0% |
Wagners Holding Company | WGN | $2.45 | +10.4% | +160.6% |
WIA Gold | WIA | $0.325 | +10.2% | +209.5% |
Today's Uptrends Scan List
Feature Charts from today's Uptrends List ๐๐
The stocks that I feel are showing the strongest excess demand from today's Uptrends List are: The A2 Milk Company (ASX: A2M), Alkane Resources (ASX: ALK), Eagers Automotive (ASX: APE), Austal (ASX: ASB), Ausgold (ASX: AUC), Barton Gold (ASX: BGD), BHP Group (ASX: BHP), Balkan Mining and Minerals (ASX: BMM), Capricorn Metals (ASX: CMM), Coles Group (ASX: COL), Data#3 (ASX: DTL), EDU (ASX: EDU), Electro Optic Systems (ASX: EOS), Falcon Metals (ASX: FAL), Firetrail Aust Small Companies Fund ETF (ASX: FSML), Gateway Mining (ASX: GML), Iperionx (ASX: IPX), Kina Securities (ASX: KSL), Lumos Diagnostics (ASX: LDX), MA Financial Group (ASX: MAF), Mineral Resources (ASX: MIN), Megaport (ASX: MP1), Metal Powder Works (ASX: MPW), Mithril Resources (ASX: MTH), Vaneck Small Companies Masters ETF (ASX: MVS), Neuren Pharmaceuticals (ASX: NEU), Nanoveu (ASX: NVU), NRW (ASX: NWH), Nexgen Energy (ASX: NXG), Pilbara Minerals (ASX: PLS), Pantoro (ASX: PNR), Perenti (ASX: PRN), St Barbara (ASX: SBM), Ricegrowers (ASX: SGLLV), Washington H Soul Pattinson & Company (ASX: SOL), SRG Global (ASX: SRG), Southern Cross Media Group (ASX: SXL), Tribeca Global Natural Resources (ASX: TGF), Tuas (ASX: TUA), Vection Technologies (ASX: VR1), Wagners Holding Company (ASX: WGN).
10 Randomly chosen Feature Uptrend Charts:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Audinate Group | AD8 | $4.71 | -25.0% | -52.9% |
Accent Group | AX1 | $1.410 | -4.7% | -31.2% |
Domino's Pizza | DMP | $15.10 | -17.5% | -52.5% |
Ebos Group | EBO | $30.19 | -19.0% | -8.7% |
Endeavour Group | EDV | $3.95 | -2.9% | -28.6% |
Inghams Group | ING | $2.77 | -20.2% | -10.4% |
Nufarm | NUF | $2.51 | -5.3% | -37.7% |
Reece | REH | $10.90 | -18.4% | -58.5% |
Stanmore Resources | SMR | $1.935 | -14.0% | -38.2% |
Xero | XRO | $163.11 | -9.2% | +12.7% |
Yancoal Australia | YAL | $5.48 | -13.0% | -1.6% |
Today's Downtrends Scan List
Feature Charts from today's Downtrends List ๐๐
The stocks that I feel are showing the strongest excess supply from today's Downtrends List are: Audinate Group (ASX: AD8), Endeavour Group (ASX: EDV), Ebos Group (ASX: EBO), Inghams Group (ASX: ING), Domino's Pizza Enterprises (ASX: DMP), Stanmore Resources (ASX: SMR), Xero (ASX: XRO), Reece (ASX: REH), Yancoal Australia (ASX: YAL).
Feature Downtrend charts:
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 Carlโs 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 โ 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 โ so always do your own research!!!

