ChartWatch ASX Scans: Mineral Resources, Champion Iron, Fortescue, Global X Battery Tech & Lithium ETF, Global X Copper Miners ETF
Your daily dose of the most interesting uptrends and downtrends on the ASX with technical analysis from an expert.
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Mentioned
KEY POINTS
- Interesting uptrends in today's scans: GlobalX Battery & Lithium ETF (ACDC), Eagers Automotive (APE), Codan (CDA), Champion Iron (CIA), Fortescue (FMG), Mineral Resources (MIN), Nick Scali (NCK), Sandfire Resources (SFR), GlobalX Copper Miners ETF (WIRE).
- Interesting downtrends in today's scans: Audinate (AD8), Aristocrat (ALL), Bapcor (BAP), Bank of Queensland (BOQ), Car (CAR), Findi (FND), Kogan.Com (KGN), Lifestyle Communities (LIC), Nufarm (NUF), QBE (QBE), REA (REA), Wisetech Global (WTC), Xero (XRO).
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There are some seriously interesting looking shorts floating around at the moment. Hey – don't get me wrong, there's also plenty of decent looking longs, but at 40-37 in the Uptrends Scan List vs Downtrends Scan List today – it's a very close race at the moment!
If I think too hard about it, I would say it's concerning there are so many previously solid uptrends that now appear to be rolling over, e.g., Aristocrat Leisure (ALL), Car Group (CAR), REA Group (REA), Bank of Queensland (BOQ), QBE Insurance (QBE), and Xero (XERO) to name a few. And that's a decent spread of sectors, too... 🤔
Then consider stocks like Mineral Resources (MIN), Pilbara Minerals (PLS), and Fortescue (FMG) – each a total train wreck on its respective chart for the whole first half of this year – and now each is showing a strong emerging long term uptrend.
Conclusion: It means trend followers are spoilt for choice in both directions (yes, stocks can go up and down everyone!) ⚖️
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 a number of videos in which I perform live analysis of ASX stocks 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 % |
|---|---|---|---|---|
AIC Mines | A1M | $0.470 | +22.1% | +38.2% |
Global X Battery Tech & Lithium ETF | ACDC | $132.62 | +13.3% | +58.7% |
Acusensus | ACE | $1.800 | +38.5% | +90.0% |
Eagers Automotive | APE | $33.40 | +18.6% | +195.6% |
Aroa Biosurgery | ARX | $0.765 | +12.5% | +31.9% |
Codan | CDA | $36.53 | +21.4% | +130.3% |
Challenger | CGF | $9.25 | +6.8% | +51.4% |
Cogstate | CGS | $2.71 | +23.2% | +177.9% |
Champion Iron | CIA | $5.44 | +15.7% | -8.4% |
Caprice Resources | CRS | $0.140 | +12.0% | +400.0% |
Cufe | CUF | $0.050 | +316.7% | +455.6% |
Downer EDI | DOW | $7.69 | +3.9% | +35.4% |
Vaneck Emerging Income ETF | EBND | $11.09 | +2.4% | +6.8% |
Ecograf | EGR | $0.625 | +78.6% | +653.0% |
Fortescue | FMG | $21.48 | +13.4% | +10.7% |
Global Lithium Resources | GL1 | $0.530 | +55.9% | +130.4% |
Grange Resources | GRR | $0.260 | +13.0% | -5.5% |
Global X Hydrogen ETF | HGEN | $9.06 | +28.7% | +112.7% |
Ikegps Group | IKE | $1.080 | +30.1% | +113.9% |
L1 Group | L1G | $1.150 | +71.6% | +26.4% |
MFF Capital Investments | MFF | $4.82 | -0.2% | +23.0% |
Mineral Resources | MIN | $48.20 | +21.8% | +39.6% |
Megaport | MP1 | $16.35 | +5.5% | +128.7% |
Mount Ridley Mines | MRD | $0.025 | +733.3% | +185.7% |
Nick Scali | NCK | $25.64 | +12.3% | +78.4% |
Neuren Pharmaceuticals | NEU | $21.94 | +10.4% | +74.0% |
Navigator Global Investments | NGI | $2.50 | +17.9% | +51.1% |
Nyrada | NYR | $0.705 | +135.0% | +442.3% |
Paladin Energy | PDN | $9.48 | +16.0% | -22.5% |
Pilbara Minerals | PLS | $3.30 | +39.8% | +16.6% |
Platinum Capital | PMC | $1.680 | +9.8% | +15.9% |
Qube Holdings | QUB | $4.39 | +7.3% | +17.7% |
Sandfire Resources | SFR | $16.34 | +12.7% | +51.7% |
Sims | SGM | $15.89 | +19.7% | +21.7% |
Smart Parking | SPZ | $1.260 | +22.3% | +97.6% |
Southern Cross Electrical Engineering | SXE | $2.37 | +11.8% | +44.5% |
Tribeca Global Natural Resources | TGF | $2.06 | +8.7% | +23.4% |
Terra Metals | TM1 | $0.185 | +2.8% | +374.4% |
Vysarn | VYS | $0.660 | +13.8% | +43.5% |
Whitehaven Coal | WHC | $7.22 | +11.8% | +3.3% |
Global X Copper Miners ETF | WIRE | $19.14 | +5.7% | +40.7% |
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: Global X Battery Tech & Lithium ETF (ASX: ACDC), Eagers Automotive (ASX: APE), Codan (ASX: CDA), Cogstate (ASX: CGS), Champion Iron (ASX: CIA), Cufe (ASX: CUF), Vaneck Emerging Income Opportunities Active ETF (ASX: EBND), Ecograf (ASX: EGR), Fortescue (ASX: FMG), Global Lithium Resources (ASX: GL1), Global X Hydrogen ETF (ASX: HGEN), Ikegps Group (ASX: IKE), Mineral Resources (ASX: MIN), Nick Scali (ASX: NCK), Neuren Pharmaceuticals (ASX: NEU), Navigator Global Investments (ASX: NGI), Nyrada (ASX: NYR), Platinum Capital (ASX: PMC), Sandfire Resources (ASX: SFR), Smart Parking (ASX: SPZ), Southern Cross Electrical Engineering (ASX: SXE), Global X Copper Miners ETF (ASX: WIRE).
10 Randomly chosen Feature Uptrend Charts:
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Downtrends Scan List 📉
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Amaero | 3DA | $0.255 | -29.2% | -30.1% |
Audinate Group | AD8 | $4.87 | -0.6% | -44.6% |
Adairs | ADH | $2.07 | -17.9% | -21.6% |
Aristocrat Leisure | ALL | $63.83 | -8.2% | +6.8% |
Atlas Arteria | ALX | $4.81 | -0.6% | -2.4% |
Arena Reit. | ARF | $3.63 | -6.9% | -10.6% |
Accent Group | AX1 | $1.295 | -1.5% | -44.4% |
Bapcor | BAP | $2.47 | -22.1% | -48.0% |
Bank of Queensland | BOQ | $6.78 | -6.6% | +3.5% |
Brainchip Holdings | BRN | $0.195 | 0% | -20.4% |
Car Group | CAR | $35.86 | -3.1% | -4.3% |
Findi | FND | $2.01 | -39.3% | -60.3% |
G8 Education | GEM | $0.795 | -4.8% | -40.9% |
Healthco Health & Wellness Reit | HCW | $0.680 | -2.9% | -41.4% |
Integral Diagnostics | IDX | $2.48 | -10.1% | -20.5% |
IDP Education | IEL | $5.65 | -12.8% | -58.8% |
Inghams Group | ING | $2.46 | -3.2% | -14.9% |
Kogan.Com | KGN | $3.20 | -4.5% | -31.5% |
Kelly Partners Group | KPG | $9.80 | -5.4% | +16.9% |
Lindsay Australia | LAU | $0.610 | -6.2% | -30.3% |
Lifestyle Communities | LIC | $5.20 | -3.7% | -41.3% |
Magnetic Resources | MAU | $1.280 | -19.0% | +4.1% |
Myer Holdings | MYR | $0.400 | -15.8% | -57.7% |
Native Mineral Resources | NMR | $0.088 | -23.5% | +183.9% |
Nufarm | NUF | $2.12 | -7.0% | -43.8% |
News Corp. Class B | NWS | $45.65 | -12.9% | +8.5% |
Nuix | NXL | $2.48 | -13.6% | -63.8% |
OFX Group | OFX | $0.635 | -25.7% | -54.6% |
OOH!Media | OML | $1.360 | -7.8% | +14.3% |
QBE Insurance Group | QBE | $19.80 | -4.9% | +15.0% |
Readytech Holdings | RDY | $2.07 | -5.5% | -30.5% |
REA Group | REA | $213.79 | -6.8% | -7.8% |
Star Entertainment | SGR | $0.088 | -1.1% | -82.9% |
Strike Energy | STX | $0.105 | 0% | -48.8% |
Suncorp Group | SUN | $19.61 | -3.5% | +9.3% |
Wisetech Global | WTC | $70.37 | -22.5% | -29.2% |
Xero | XRO | $146.42 | -7.6% | -0.7% |
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: Audinate Group (ASX: AD8), Aristocrat Leisure (ASX: ALL), Atlas Arteria (ASX: ALX), Accent Group (ASX: AX1), Bapcor (ASX: BAP), Bank of Queensland (ASX: BOQ), Car Group (ASX: CAR), Findi (ASX: FND), G8 Education (ASX: GEM), Integral Diagnostics (ASX: IDX), Kogan.Com (ASX: KGN), Kelly Partners Group Holdings (ASX: KPG), Lifestyle Communities (ASX: LIC), Nufarm (ASX: NUF), News Corp.. Class B (ASX: NWS), OFX Group (ASX: OFX), OOH!Media (ASX: OML), QBE Insurance Group (ASX: QBE), REA Group (ASX: REA), Wisetech Global (ASX: WTC), Xero (ASX: XRO).
10 Randomly chosen Feature Downtrend Charts:
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Important considerations when 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 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'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!!!
