ChartWatch ASX Scans: Where are the charts of BHP, Breville, Commonwealth Bank, Fortescue and Telstra heading?
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: Commonwealth Bank (CBA), Duratec (DUR), Energy One (EOL), Fineos (FCL), Medibank Private (MPL), Omni Bridgeway (OBL), Polymetals (POL), Rox Resources (RXL), Turaco Gold (TCG), Telstra (TLS).
- Interesting downtrends in today's Scans: BHP (BHP), Breville (BRG), Champion Iron (CIA), Deep Yellow (DYL), Fortescue (FMG), IDP Education (IEL), Lovisa (LOV), Liontown Resources (LTR), Pilbara Minerals (PLS), Strike Energy (STX), Treasury Wine (TWE).
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.
Down, down, up, down, and up (the answer to the title of today's article!).
Well, if recent trends are anything to go by, that is!
Trend "following". Following is in the title. As a trend follower I don't predict trends, I identify short and long term trends and try to only trade in their direction, and particularly if they are coincidently aligned.
And quite probably, they are aligned "down" and "down" respectively for many stocks in your portfolio. If you check back to previous ChartWatch editions, you'll probably find that many investor-darling stocks like BHP, Champion Iron, Fortescue, IGO, Liontown Resources, Pilbara Minerals, Paladin Energy, and Whitehaven Coal have been in well-established downtrends for quite some time.
Prevention is the best form of cure, so paying more attention to the technical trends and how they change might be a good idea for next time. This time? There's no preventing this time, unfortunately.
But I can say from experience, that one must at some point: Bite the bullet and just commit to the process. When is up to you!
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 % |
|---|---|---|---|---|
Aspen Group | APZ | $2.99 | +14.1% | +72.3% |
Belararox | BRX | $0.250 | +155.1% | +16.3% |
Commonwealth Bank of Australia | CBA | $154.82 | -1.9% | +28.9% |
Charter Hall Group | CHC | $17.32 | +1.3% | +27.0% |
Collins Foods | CKF | $8.77 | +4.0% | -12.5% |
COG Financial Services | COG | $1.235 | +22.3% | -12.4% |
Duratec | DUR | $1.730 | +9.8% | +38.4% |
Energy One | EOL | $11.21 | +17.9% | +175.4% |
Fineos Corporation | FCL | $2.06 | +23.7% | +23.0% |
Generation Development | GDG | $5.13 | +0.6% | +165.8% |
Horizon Oil | HZN | $0.220 | +7.3% | +22.2% |
JB HI-FI | JBH | $94.51 | +0.1% | +46.4% |
Medibank Private | MPL | $4.60 | +4.3% | +22.3% |
Omni Bridgeway | OBL | $1.515 | +12.2% | +9.0% |
Polymetals Resources | POL | $0.930 | +45.3% | +232.1% |
Rox Resources | RXL | $0.395 | +64.6% | +148.4% |
SRG Global | SRG | $1.240 | -3.9% | +55.0% |
Turaco Gold | TCG | $0.415 | +27.7% | +159.4% |
Telstra Group | TLS | $4.32 | +2.9% | +13.1% |
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: Commonwealth Bank of Australia (ASX: CBA), Charter Hall Group (ASX: CHC), COG Financial Services (ASX: COG), Duratec (ASX: DUR), Energy One (ASX: EOL), Fineos Corporation (ASX: FCL), Medibank Private (ASX: MPL), Omni Bridgeway (ASX: OBL), Polymetals Resources (ASX: POL), Rox Resources (ASX: RXL), Turaco Gold (ASX: TCG), Telstra Group (ASX: TLS).
Charts of each below:
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Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
29METALS | 29M | $0.145 | -9.4% | -54.7% |
Alcoa Corporation | AAI | $47.81 | -6.5% | 0% |
Ampol | ALD | $23.25 | -11.8% | -42.3% |
AMP | AMP | $1.210 | -8.7% | +5.2% |
Amotiv | AOV | $8.87 | -9.6% | -24.5% |
Avita Medical | AVH | $2.61 | -6.5% | -45.6% |
Accent Group | AX1 | $1.760 | -11.1% | -12.9% |
Bapcor | BAP | $4.51 | -12.8% | -25.9% |
BHP Group | BHP | $38.32 | -2.9% | -15.1% |
Boss Energy | BOE | $2.30 | -3.4% | -53.5% |
Breville Group | BRG | $31.62 | -8.2% | +16.1% |
Chalice Mining | CHN | $1.070 | -19.9% | +6.5% |
Champion Iron | CIA | $4.77 | -8.8% | -35.6% |
Coronado Global Resources | CRN | $0.310 | -42.6% | -75.0% |
Capstone Copper Corp. | CSC | $8.28 | -7.4% | 0% |
Cettire | CTT | $0.795 | -21.3% | -76.7% |
Clarity Pharmaceuticals | CU6 | $2.01 | -32.3% | -27.7% |
Calix | CXL | $0.345 | -16.9% | -75.9% |
Core Lithium | CXO | $0.073 | -14.1% | -52.9% |
Data#3 | DTL | $7.07 | -10.3% | -14.1% |
Deep Yellow | DYL | $0.955 | -6.4% | -30.5% |
Endeavour Group | EDV | $3.86 | -9.4% | -27.9% |
Elders | ELD | $6.76 | -4.0% | -26.8% |
Flight Centre Travel Group | FLT | $13.79 | -12.7% | -36.4% |
Fortescue | FMG | $15.40 | -4.6% | -39.4% |
Humm Group | HUM | $0.520 | -16.8% | +6.1% |
IDP Education | IEL | $9.04 | -9.1% | -48.9% |
IGO | IGO | $3.75 | -5.3% | -47.3% |
Iluka Resources | ILU | $3.79 | -8.2% | -48.6% |
Immutep | IMM | $0.265 | -10.2% | -27.7% |
Imugene | IMU | $0.030 | -16.7% | -72.7% |
Incitec Pivot | IPL | $2.45 | -10.6% | -14.6% |
Iperionx | IPX | $2.75 | -27.2% | +19.6% |
Kogan.Com | KGN | $4.42 | -10.9% | -44.8% |
Liberty Financial Group | LFG | $3.25 | -13.1% | -14.5% |
Lifestyle Communities | LIC | $7.78 | +0.9% | -48.8% |
Lotus Resources | LOT | $0.160 | -5.9% | -61.4% |
Lovisa | LOV | $23.88 | -13.8% | -25.7% |
Liontown Resources | LTR | $0.560 | -10.4% | -51.5% |
Meteoric Resources | MEI | $0.060 | -4.8% | -75.0% |
Magellan Financial Group | MFG | $7.56 | -7.4% | -21.4% |
Mineral Resources | MIN | $23.23 | +8.1% | -67.3% |
Neuren Pharmaceuticals | NEU | $10.81 | -12.3% | -47.3% |
New Hope Corporation | NHC | $3.68 | -8.2% | -21.4% |
Novonix | NVX | $0.430 | +7.5% | -49.4% |
NRW | NWH | $2.72 | -4.6% | -9.9% |
Nuix | NXL | $3.00 | -12.8% | +42.9% |
Objective Corporation | OCL | $14.82 | -4.3% | +18.0% |
OFX Group | OFX | $1.105 | -13.7% | -29.6% |
Orora | ORA | $1.875 | -9.4% | -19.2% |
Paladin Energy | PDN | $4.66 | -31.0% | -66.0% |
Peninsula Energy | PEN | $0.635 | -21.6% | -72.8% |
Propel Funeral Partners | PFP | $5.26 | +0.4% | -6.4% |
Pilbara Minerals | PLS | $1.540 | -18.5% | -60.0% |
Pro Medicus | PME | $198.81 | -23.3% | +89.3% |
Patriot Battery Metals | PMT | $0.265 | 0% | -70.1% |
Pinnacle Investment Management Group | PNI | $17.77 | -16.8% | +52.8% |
Polynovo | PNV | $1.140 | -20.3% | -46.7% |
Platinum Asset Management | PTM | $0.550 | -3.5% | -36.9% |
Reece | REH | $15.40 | -10.4% | -45.0% |
Reliance Worldwide Corporation | RWC | $4.42 | -8.5% | -23.5% |
South32 | S32 | $3.12 | -11.4% | +1.6% |
Siteminder | SDR | $4.26 | -12.5% | -24.3% |
Silex Systems | SLX | $3.49 | -12.8% | -35.3% |
Stanmore Resources | SMR | $2.05 | -12.0% | -37.1% |
Strike Energy | STX | $0.165 | -10.8% | -31.3% |
Syrah Resources | SYR | $0.225 | -2.2% | -55.9% |
Treasury Wine Estates | TWE | $9.10 | -13.8% | -28.9% |
Viva Energy Group | VEA | $1.690 | -3.4% | -54.1% |
Weebit Nano | WBT | $1.825 | -6.4% | -43.5% |
Wildcat Resources | WC8 | $0.160 | -17.9% | -75.9% |
Whitehaven Coal | WHC | $5.26 | -9.8% | -25.9% |
Webjet | WJL | $0.530 | -23.7% | 0% |
Block | XYZ | $87.54 | -13.2% | -30.5% |
Yancoal Australia | YAL | $5.02 | -17.2% | -3.3% |
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: Interesting downtrends in today's Scans: AMP (ASX: AMP), Amotiv (ASX: AOV), Accent Group (ASX: AX1), Bapcor (ASX: BAP), BHP Group (ASX: BHP), Breville Group (ASX: BRG), Chalice Mining (ASX: CHN), Champion Iron (ASX: CIA), Coronado Global Resources (ASX: CRN), Cettire (ASX: CTT), Calix (ASX: CXL), Deep Yellow (ASX: DYL), Fortescue (ASX: FMG), IDP Education (ASX: IEL), IGO (ASX: IGO), Iluka Resources (ASX: ILU), Incitec Pivot (ASX: IPL), Lovisa (ASX: LOV), Liontown Resources (ASX: LTR), Meteoric Resources (ASX: MEI), Magellan Financial Group (ASX: MFG), Neuren Pharmaceuticals (ASX: NEU), New Hope Corporation (ASX: NHC), NRW (ASX: NWH), OFX Group (ASX: OFX), Peninsula Energy (ASX: PEN), Pilbara Minerals (ASX: PLS), Reece (ASX: REH), Reliance Worldwide Corporation (ASX: RWC), South32 (ASX: S32), Stanmore Resources (ASX: SMR), Strike Energy (ASX: STX), Treasury Wine Estates (ASX: TWE), Weebit Nano (ASX: WBT), Wildcat Resources (ASX: WC8), Webjet (ASX: WJL), Yancoal Australia (ASX: YAL).
Charts of each below:
(Clearly too many to print them all here...so I asked AI to pick 10 tickers from the list at random!)
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ChartWatch Primer
For a detailed explanation of Carl's technical analysis methodology, be sure to check out this ChartWatch Primer.
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.
