ChartWatch ASX Scans: WBC, NAB, CBA, Artificial Intelligence and Technology key themes as investors position for peace
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: Commonwealth Bank (CBA), Energy One (EOL), EZZ Life Science (EZZ), Global X Artificial Intelligence ETF (GXAI), Hub24 (HUB), Metcash (MTS), National Australia Bank (NAB), Tasmea (TEA), Westpac Banking Corp (WBC).
- Interesting downtrends in today's Scans: Audinate Group (AD8), AGL Energy (AGL), Avita Medical (AVH), Helloworld Travel (HLO), Mesoblast (MSB), Treasury Wine Estates (TWE).
3 of the Big 4 Aussie banks are key constituents of a lengthy list of uptrends in today's edition. I note also, that as the big fund managers begin to contemplate fewer risk events emanating from the Middle East rather than more, Information Technology stocks are joining the banks at the forefront of the prevailing bull market.
Today's ChartWatch ASX Scans welcomes several stocks and exchange traded funds (ETFs) that seek to capitalise on emerging technology themes like semiconductors, esports, data centres, and artificial intelligence.
ETFs are a type of investment fund that holds a diversified portfolio of assets, such as stocks, bonds, or commodities, and trades on a stock exchange like a single stock. ETFs offer investors exposure to a broad market or specific sector with low costs, high liquidity, and transparency, making them an increasingly popular choice for both retail and institutional investors.
There are four technology themed ETFs in today's Uptrends Scan list:
BetaShares Asia Tech Tigers ETF (ASIA)
Vaneck Video Gaming Esports ETF (ESPO)
Global X Artificial Intelligence ETF (GXAI)
Global X Semiconductor ETF (SEMI)
I also note the appearance in that list of data centre operator NextDC (NXT). It's not uncommon for trend followers to find stocks in the same sector moving in tandem, as this is symptomatic of the sector being targeted by active fund managers. When active fund managers crowd into a particular theme, it can often produce strong and low volatility uptrends – the best kind of trends in my opinion! 💪
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 – 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 % |
|---|---|---|---|---|
AMA Group | AMA | $0.105 | +23.5% | +201.1% |
Aspen Group | APZ | $3.92 | +15.6% | +120.8% |
Autosports Group | ASG | $2.27 | +5.6% | +3.2% |
BetaShares Asia Tech Tigers ETF | ASIA | $11.64 | +5.8% | +23.6% |
Ausgold | AUC | $0.760 | +24.6% | +123.5% |
BCI Minerals | BCI | $0.345 | +16.9% | +53.3% |
Brickworks | BKW | $33.94 | +24.3% | +24.8% |
Commonwealth Bank of Australia | CBA | $188.13 | +8.2% | +47.3% |
Vaneck Global Clean Energy ETF | CLNE | $5.98 | +6.8% | -9.8% |
Cedar Woods Properties | CWP | $7.04 | +7.6% | +46.7% |
Downer EDI | DOW | $6.31 | +2.9% | +34.5% |
Energy One | EOL | $14.98 | +8.7% | +240.5% |
Vaneck Video Gaming Esports ETF | ESPO | $20.45 | +6.0% | +63.9% |
EZZ Life Science | EZZ | $2.65 | +76.1% | +96.3% |
Global X Fang+ ETF | FANG | $34.24 | +5.6% | +21.9% |
Genusplus Group | GNP | $3.81 | +15.1% | +104.3% |
Global X Artificial Intelligence ETF | GXAI | $13.00 | +6.4% | +22.5% |
Hub24 | HUB | $85.58 | +6.6% | +90.2% |
iShares Asia 50 ETF | IAA | $123.82 | +4.8% | +19.4% |
iShares MSCI Emerging Markets ETF | IEM | $74.05 | +2.6% | +13.5% |
iShares MSCI South Korea ETF | IKO | $113.57 | +20.2% | +10.3% |
Kelsian Group | KLS | $3.74 | +23.0% | -25.5% |
Kina Securities | KSL | $1.245 | +7.3% | +31.1% |
Metcash | MTS | $3.92 | +16.0% | +2.1% |
Vaneck Australian Banks ETF | MVB | $41.61 | +5.2% | +18.3% |
National Australia Bank | NAB | $39.75 | +5.4% | +9.8% |
Nextdc | NXT | $14.49 | +10.5% | -17.8% |
Perenti | PRN | $1.635 | +3.2% | +63.5% |
Ridley Corporation | RIC | $2.90 | +10.7% | +41.6% |
Resolution Minerals | RML | $0.051 | +325.0% | +112.5% |
Global X Semiconductor ETF | SEMI | $18.32 | +11.1% | -6.1% |
Washington H Soul Pattinson | SOL | $41.53 | +11.3% | +23.8% |
Sunrise Energy Metals | SRL | $0.910 | +122.0% | +122.0% |
Service Stream | SSM | $1.960 | +2.9% | +55.6% |
Strickland Metals | STK | $0.150 | +25.0% | +36.4% |
Tasmea | TEA | $3.37 | +19.7% | +135.3% |
Torque Metals. | TOR | $0.135 | +12.5% | -38.6% |
Vanguard FTSE Asia Index ETF | VAE | $86.06 | +3.3% | +14.1% |
Vanguard Australian Fixed Interest ETF | VAF | $46.97 | +1.9% | +3.5% |
Ventia Services Group | VNT | $5.07 | +5.8% | +30.3% |
Vanguard US Total Shares Index ETF | VTS | $460.20 | +3.4% | +13.4% |
Westpac Banking Corporation | WBC | $34.29 | +9.4% | +25.8% |
Wagners Holding Company | WGN | $2.10 | 0% | +156.1% |
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: AMA Group (ASX: AMA), Aspen Group (ASX: APZ), Autosports Group (ASX: ASG), BetaShares Asia Technology Tigers ETF (ASX: ASIA), BCI Minerals (ASX: BCI), Commonwealth Bank of Australia (ASX: CBA), Cedar Woods Properties (ASX: CWP), Energy One (ASX: EOL), EZZ Life Science (ASX: EZZ), Genusplus Group (ASX: GNP), Global X Artificial Intelligence ETF (ASX: GXAI), Hub24 (ASX: HUB), iShares MSCI South Korea ETF (ASX: IKO), Metcash (ASX: MTS), Vaneck Australian Banks ETF (ASX: MVB), National Australia Bank (ASX: NAB), Global X Semiconductor ETF (ASX: SEMI), Tasmea (ASX: TEA), Westpac Banking Corporation (ASX: WBC).
10 Randomly chosen Feature Uptrend Charts below:
%20daily%20chart%2024%20June%202025.png)
%20daily%20chart%2024%20June%202025.png)
%20daily%20chart%2024%20June%202025.png)
%20daily%20chart%2024%20June%202025.png)
%20daily%20chart%2024%20June%202025.png)
%20daily%20chart%2024%20June%202025.png)
%20daily%20chart%2024%20June%202025.png)
%20daily%20chart%2024%20June%202025.png)
%20daily%20chart%2024%20June%202025.png)
%20daily%20chart%2024%20June%202025.png)
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
AIC Mines | A1M | $0.300 | -14.3% | -30.2% |
Audinate Group | AD8 | $6.91 | -7.2% | -58.1% |
AGL Energy | AGL | $9.87 | -3.6% | -5.6% |
Avita Medical | AVH | $1.565 | -23.3% | -36.1% |
Coast Entertainment | CEH | $0.365 | -9.9% | -27.0% |
Coronado Global Resources | CRN | $0.130 | +18.2% | -88.8% |
Helloworld Travel | HLO | $1.335 | -11.6% | -41.7% |
Imugene | IMU | $0.012 | -29.4% | -79.7% |
IPH | IPH | $4.42 | -10.9% | -28.2% |
Mesoblast | MSB | $1.575 | -7.6% | +38.2% |
Regal Partners | RPL | $2.03 | -6.0% | -42.3% |
Strike Energy | STX | $0.150 | -14.3% | -25.0% |
Treasury Wine Estates | TWE | $8.00 | -4.4% | -35.6% |
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), AGL Energy (ASX: AGL), Avita Medical (ASX: AVH), Helloworld Travel (ASX: HLO), Mesoblast (ASX: MSB), Treasury Wine Estates (ASX: TWE).
Feature Downtrend Charts below:
%20daily%20chart%2024%20June%202025.png)
%20daily%20chart%2024%20June%202025.png)
%20daily%20chart%2024%20June%202025.png)
%20daily%20chart%2024%20June%202025.png)
%20daily%20chart%2024%20June%202025.png)
%20daily%20chart%2024%20June%202025.png)
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.
