ChartWatch ASX Scans: WES, REA, QBE, CPU, SGH lead blue chip charge, SYR, SPZ, EOL, CCL best in small-mid caps
Your daily dose of the most interesting uptrends and downtrends on the ASX with technical analysis from an expert.
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Back to a really nice mix of potential long and shorts today – a fantastic environment for the trend follower to construct a portfolio that balances risk.
No doubt you follow the analysis I do in ChartWatch in the Evening Wrap each day, and therefore you're aware that the benchmark ASX 200 is back to double green on its short -and long term trends. This requires the trend follower to consider skewing the portfolio towards longs, likely only requiring 2-3 shorts max say per 10 trades to help balance downside risk.
Of course, the final allocation of longs to shorts is up to you, but hopefully this discussion is the trigger that gets you thinking about portfolio construction and mixing longs and shorts to help balance portfolio risk.
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 | $0.082 | +30.2% | +69.8% |
Ausgold | AUC | $0.665 | +27.9% | +146.3% |
Aurum Resources | AUE | $0.485 | +54.0% | +67.2% |
Barton Gold | BGD | $0.655 | +63.8% | +111.3% |
Bluescope Steel | BSL | $23.80 | +11.3% | +7.8% |
Brambles | BXB | $21.50 | +2.6% | +50.1% |
Cuscal Group | CCL | $2.71 | +9.3% | 0% |
Computershare | CPU | $41.10 | +10.4% | +53.5% |
Duxton Water | D2O | $1.570 | +6.8% | +10.6% |
Develop Global | DVP | $3.66 | +58.4% | +55.1% |
Elsight | ELS | $0.545 | +34.6% | +39.7% |
Energy One | EOL | $13.63 | +21.7% | +234.9% |
Global X Fang+ ETF | FANG | $32.46 | +11.5% | +29.8% |
Fleetwood | FWD | $2.88 | +14.3% | +87.6% |
Loftus Peak Global Disruption Fund ETF | LPGD | $5.37 | +12.6% | +22.9% |
Munro Global Growth Fund ETF | MAET | $6.78 | +7.1% | +12.3% |
Megaport | MP1 | $13.02 | +30.2% | -11.4% |
Netwealth Group | NWL | $31.45 | +19.3% | +55.2% |
Ophir High Conviction Fund | OPH | $3.14 | +16.3% | +22.2% |
Pepper Money | PPM | $1.705 | +28.2% | +15.6% |
QBE Insurance Group | QBE | $22.40 | +8.8% | +27.2% |
REA Group | REA | $247.98 | +3.2% | +32.4% |
SGH | SGH | $52.58 | +11.0% | +31.6% |
Stealth Group | SGI | $0.925 | +38.1% | +320.5% |
Sims | SGM | $15.43 | +13.6% | +42.1% |
Singular Health Group | SHG | $0.340 | +65.9% | +209.1% |
Supply Network | SNL | $41.40 | +10.4% | +101.5% |
Smart Parking | SPZ | $0.950 | +23.4% | +107.3% |
SRG Global | SRG | $1.435 | +16.7% | +64.0% |
Strickland Metals | STK | $0.120 | +50.0% | +20.0% |
Southern Cross Gold | SX2 | $5.77 | +26.0% | 0% |
Syrah Resources | SYR | $0.385 | +79.1% | -20.6% |
Vanguard FTSE Emerging Markets Shares ETF | VGE | $81.90 | +7.8% | +12.8% |
Wesfarmers | WES | $81.25 | +12.9% | +19.6% |
Waratah Minerals | WTM | $0.380 | +157.6% | +216.7% |
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: AMA Group (ASX: AMA), Brambles (ASX: BXB), Computershare (ASX: CPU), Develop Global (ASX: DVP), Elsight (ASX: ELS), Megaport (ASX: MP1), SGH (ASX: SGH), Singular Health Group (ASX: SHG), Supply Network (ASX: SNL), Strickland Metals (ASX: STK), Southern Cross Gold (ASX: SX2), Syrah Resources (ASX: SYR), Wesfarmers (ASX: WES), Waratah Minerals (ASX: WTM).
Charts of each below:
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Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Adriatic Metals | ADT | $3.72 | -7.9% | -18.6% |
Avita Medical | AVH | $2.21 | -21.1% | -18.1% |
Aurizon | AZJ | $2.99 | -2.6% | -21.5% |
Bellevue Gold | BGL | $0.875 | -24.2% | -55.0% |
Chalice Mining | CHN | $1.070 | +14.4% | -25.2% |
Clinuvel Pharmaceuticals | CUV | $10.80 | -0.6% | -29.0% |
Guzman y Gomez | GYG | $31.92 | -5.4% | 0% |
Healthco Healthcare and Wellness Reit | HCW | $0.820 | -3.5% | -30.8% |
Jumbo Interactive | JIN | $10.01 | -2.3% | -37.7% |
Propel Funeral Partners | PFP | $5.01 | -4.2% | -11.3% |
Skycity Entertainment Group | SKC | $0.930 | -11.4% | -40.8% |
Sayona Mining | SYA | $0.016 | 0% | -56.8% |
Wildcat Resources | WC8 | $0.180 | +20.0% | -66.4% |
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: Adriatic Metals (ASX: ADT), Avita Medical (ASX: AVH), Bellevue Gold (ASX: BGL), Clinuvel Pharmaceuticals (ASX: CUV), Healthco Healthcare and Wellness Reit (ASX: HCW), Jumbo Interactive (ASX: JIN), Propel Funeral Partners (ASX: PFP), Skycity Entertainment Group (ASX: SKC).
Charts of each below:
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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.
