TECHNICAL ANALYSIS

ChartWatch ASX Scans Uncertain Times Special: Defence stocks Droneshield and Elsight join raft of critical minerals plays

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

Lead Writer and Presenter
Wed 18 June 2025, 09:15 AEST
โˆ™4 min read
ChartWatch ASX Scans Uncertain Times Special: Defence stocks Droneshield and Elsight join raft of critical minerals plays

Source: Shutterstock

Mentioned

KEY POINTS

  • Interesting uptrends in today's Scans: Autosports (ASG), Antipa Minerals (AZY), Black Cat Syndicate (BC8), Elevate Uranium (EL8), Elsight (ELS), James Bay Minerals (JBY), Karoon Energy (KAR), Sandfire Resources (SFR), BetaShares Global Uranium ETF (URNM).
  • Interesting downtrends in today's Scans: Ansell (ANN), Avita Medical (AVH), Cosol (COS), Clinuvel Pharmaceutical (CUV), Domino's Pizza Enterprises (DMP), Healius (HLS), Lifestyle Communities (LIC), Lycopodium (LYL), Vulcan Steel (VSL), Vulcan Energy (VUL).

It's not a new theme here in ChartWatch ASX Scans, but in the Uptrends Scan List below, you'll find several defence-related and critical minerals plays.

These are uncertain times. But as the old saying goes: When the going gets tough, the tough get going. Or in technical analysis parlance: If it's going up, buy it ๐Ÿ“ˆโœ….

Being tough, or let's say the version of tough that is fearless in the face of something that is just and right is admirable. Again, if it's going up, fear not how much it has already gone up (it's done that for the very good reason of demand exceeds supply) and add some risk. Manage that risk, of course, but don't be afraid to follow the trend and add it.

On the other hand, the version of being tough that sees one belligerently hold on to a losing stock in the faith that one's original premise is right, or in the blind hope that the market will bounce enough to deliver the break even we now so desperately crave โ€“ is not tough in my view โ€“ it's just plain silly ๐Ÿคฆ.


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, so you'll have to do your own research on when a particular trend changes!


Uptrends Scan List

Company
Code
Last Price
1mo %
1yr %
Aspen Group
APZ
$3.68
+13.6%
+110.3%
Autosports Group
ASG
$2.26
+5.6%
+0.9%
Antipa Minerals
AZY
$0.815
+63.0%
+526.9%
Black Cat Syndicate
BC8
$0.940
+14.6%
+208.2%
Car Group
CAR
$37.13
+1.0%
+2.7%
Centuria Industrial Reit
CIP
$3.20
+4.6%
+1.3%
Droneshield
DRO
$1.880
+45.7%
+37.7%
Develop Global
DVP
$4.77
+30.0%
+122.9%
EDU
EDU
$0.300
+76.5%
+62.2%
Elevate Uranium
EL8
$0.340
+17.2%
-25.3%
Elsight
ELS
$1.140
+100.0%
+204.0%
Green Critical Minerals
GCM
$0.022
+57.1%
+214.3%
Goodman Group
GMG
$34.53
+8.5%
-0.5%
James Bay Minerals
JBY
$0.715
+28.8%
+257.5%
Karoon Energy
KAR
$2.02
+25.5%
+21.0%
McMillan Shakespeare
MMS
$16.18
-0.9%
-4.9%
Monadelphous Group
MND
$17.75
+3.8%
+35.6%
Native Mineral Resources
NMR
$0.222
+39.1%
+694.6%
Ophir High Conviction Fund
OPH
$3.30
+6.1%
+25.5%
Peak Rare Earths
PEK
$0.285
+1.6%
+25.0%
Perenti
PRN
$1.630
+17.3%
+65.5%
Pexa Group
PXA
$13.21
+8.5%
-9.4%
Sandfire Resources
SFR
$11.80
+10.0%
+36.4%
St George Mining
SGQ
$0.030
+15.4%
+36.4%
Shape Australia
SHA
$3.75
+16.1%
+74.4%
Superloop
SLC
$3.00
+21.0%
+102.0%
SPDR S&P/ASX 200 Property ETF
SLF
$14.07
+4.8%
+10.4%
BetaShares Global Uranium ETF
URNM
$9.04
+24.0%
-4.8%
Vysarn
VYS
$0.480
+15.7%
+62.7%
Today's Uptrends Scan List

Feature Charts from today's Uptrends List ๐Ÿ”Ž๐Ÿ“ˆ

The stocks that I feel are showing the strongest excess demand from today's Uptrends List are: Aspen Group (ASX: APZ), Autosports Group (ASX: ASG), Antipa Minerals (ASX: AZY), Black Cat Syndicate (ASX: BC8), EDU (ASX: EDU), Elevate Uranium (ASX: EL8), Elsight (ASX: ELS), James Bay Minerals (ASX: JBY), Karoon Energy (ASX: KAR), Monadelphous Group (ASX: MND), Native Mineral Resources (ASX: NMR), Sandfire Resources (ASX: SFR), Shape Australia Corporation (ASX: SHA), BetaShares Global Uranium ETF (ASX: URNM).

10 Randomly chosen Feature Charts below:

Antipa Minerals (ASX-AZY) daily chart 17 June 2025 Autosports Group (ASX-ASG) daily chart 17 June 2025 BetaShares Global Uranium ETF (ASX-URNM) daily chart 17 June 2025 Black Cat Syndicate (ASX-BC8) daily chart 17 June 2025 Elevate Uranium (ASX-EL8) daily chart 17 June 2025 Elsight (ASX-ELS) daily chart 17 June 2025 James Bay Minerals (ASX-JBY) daily chart 17 June 2025 Monadelphous Group (ASX-MND) daily chart 17 June 2025 Native Mineral Resources (ASX-NMR) daily chart 17 June 2025 Sandfire Resources (ASX-SFR) daily chart 17 June 2025

Downtrends Scan List

Company
Code
Last Price
1mo %
1yr %
Acrow
ACF
$0.985
-4.4%
-7.5%
AMP
AMP
$1.210
-9.0%
+14.2%
Ansell
ANN
$30.37
-6.6%
+17.5%
Amotiv
AOV
$7.61
-7.2%
-27.3%
ARB Corporation
ARB
$30.32
-6.6%
-21.6%
Avita Medical
AVH
$1.670
-16.9%
-38.6%
Cromwell Property
CMW
$0.345
-8.0%
-16.9%
Cosol
COS
$0.455
-38.5%
-60.4%
Clinuvel Pharmaceuticals
CUV
$9.76
-8.9%
-33.6%
Domino's Pizza
DMP
$20.23
-19.7%
-46.9%
Dexus
DXS
$6.88
-4.8%
+4.1%
Healius
HLS
$0.775
-28.2%
-25.4%
IPH
IPH
$4.65
-5.9%
-26.8%
Lifestyle Communities
LIC
$6.65
-14.4%
-45.7%
Lycopodium
LYL
$10.35
-6.7%
-13.4%
Vulcan Steel
VSL
$5.53
-23.1%
-23.8%
Vulcan Energy
VUL
$3.77
-17.5%
-23.5%
Wildcat Resources
WC8
$0.130
-25.7%
-60.6%
Today's Downtrends Scan List

Feature Charts from today's Downtrends List ๐Ÿ”Ž๐Ÿ“‰

The stocks that I feel are showing the strongest excess supply from today's Downtrends List are: Ansell (ASX: ANN), Avita Medical (ASX: AVH), Cosol (ASX: COS), Clinuvel Pharmaceuticals (ASX: CUV), Domino's Pizza Enterprises (ASX: DMP), Healius (ASX: HLS), Lifestyle Communities (ASX: LIC), Lycopodium (ASX: LYL), Vulcan Steel (ASX: VSL), Vulcan Energy Resources (ASX: VUL).

Charts of each Feature Chart below:

Ansell (ASX-ANN) daily chart 17 June 2025 Avita Medical (ASX-AVH) daily chart 17 June 2025 Clinuvel Pharmaceuticals (ASX-CUV) daily chart 17 June 2025 Cosol (ASX-COS) daily chart 17 June 2025 Domino-s Pizza Enterprises (ASX-DMP) daily chart 17 June 2025 Healius (ASX-HLS) daily chart 17 June 2025 Lifestyle Communities (ASX-LIC) daily chart 17 June 2025 Lycopodium (ASX-LYL) daily chart 17 June 2025 Vulcan Energy Resources (ASX-VUL) daily chart 17 June 2025 Vulcan Steel (ASX-VSL) daily chart 17 June 2025
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 Carlโ€™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 โ€“ 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 โ€“ 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 โ€” having taught his distinctive price-action trend following methodology to two generations of investors.

04/06/2026