ChartWatch ASX Scans: Woolworths, Guzman y Gomez, Electro Optic Systems, Global X Physical Gold ETF, Global X Physical Platinum 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: Aura Energy (AEE), Dateline Resources (DTR), DUG Technology (DUG), Electro Optic (EOS), Falcon Metals (FAL), Fenix Resources (FEX), Felix Gold (FXG), Gold Miners ETF (GDX), Physical Gold ETF (GOLD), Sayona (SYA).
- Interesting downtrends in today's Scans: Accent (AX1), Bapcor (BAP), Bank of Qld (BOQ), Botanix (BOT), Endeavour (EDV), G8 Education (GEM), Guzman y Gomez (GYG), Peninsula Energy (PEN), Reece (REH), Reliance Worldwide (RWC), Sims (SGM), Sonic Health (SHL).
Certainly, there is a sharp turnaround in the ratio of Uptrends Scan List constituents to Downtrends Scan List constituents in today's edition of ChartWatch ASX Scans. It has though, been paring back as the ASX 200 has similarly pared its gains since the 25-August peak / all time high.
I note that the peak in the length of the Uptrends Scan List (since I started keeping records on August 1!) was 119 on 21-August. With just 7 in the Downtrends Scan List on that day, it was the largest ratio of Uptrends to Downtrends on record at 17 to 1.
Today, you will find 34 in the Uptrends Scan List (down from yesterday's 62) and 28 in the Downtrends Scan List (up from yesterday's 25). This means the ratio of constituents across the two lists is a very even looking 1.2 to 1.
Any trend following methodology – assuming it's consistent – will experience shifts such as the one we're witnessing here as the broader market dynamics shift between demand-side control - equilibrium - supply-side control. Today's shift is part of an ongoing trend that's developed over the last 8 editions of ChartWatch ASX Scans, and to me, represents a steady shift back towards equilibrium in investor sentiment.
These shifts don't give me any reason to panic, though, and I understand if the next person thinks differently. Personally, I can still see 34 great quality long setups – and even better – 28 similarly strong short setups. This allows me to stay long in line with the broader bull trend in ASX stocks, but at the same time, to strategically hedge out a large portion of my risk (because you can make money on rising and falling share prices you know!!! 😉).
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 % |
|---|---|---|---|---|
Aura Energy | AEE | $0.220 | +37.5% | +57.1% |
Ampol | ALD | $30.10 | +10.9% | +0.5% |
BetaShares Asia Tech Tigers ETF | ASIA | $12.63 | +4.6% | +45.2% |
Betmakers Technology | BET | $0.175 | +12.9% | +92.3% |
Bisalloy Steel Group | BIS | $4.97 | +26.8% | +76.5% |
Beetaloo Energy Australia | BTL | $0.315 | +28.6% | +23.5% |
Vaneck FTSE China A50 ETF | CETF | $63.79 | +9.3% | +34.2% |
Clearview Wealth | CVW | $0.560 | +25.8% | 0% |
Dicker Data | DDR | $9.79 | +11.8% | -3.1% |
Dateline Resources | DTR | $0.260 | +92.6% | +2958.8% |
DUG Technology | DUG | $1.980 | +54.1% | -38.7% |
Electro Optic Systems | EOS | $6.18 | +109.5% | +309.3% |
Global X Physical Platinum ETF | ETPMPT | $200.97 | +7.9% | +54.7% |
Falcon Metals | FAL | $1.160 | +136.7% | +321.8% |
Fenix Resources | FEX | $0.380 | +26.7% | +26.7% |
Felix Gold | FXG | $0.225 | +40.6% | +508.1% |
Vaneck Gold Miners ETF | GDX | $99.85 | +22.8% | +76.9% |
Global X Physical Gold ETF | GOLD | $49.10 | +3.1% | +43.9% |
Humm Group | HUM | $0.645 | +13.2% | -2.3% |
LTR Pharma | LTP | $0.530 | +60.6% | -69.8% |
Neuren Pharmaceuticals | NEU | $19.61 | +13.5% | +28.9% |
Omni Bridgeway | OBL | $1.740 | +17.6% | +93.3% |
Pantoro | PNR | $5.09 | +34.3% | +160.4% |
Rox Resources | RXL | $0.410 | +46.4% | +192.9% |
Santana Minerals | SMI | $0.670 | +17.5% | +20.4% |
Sayona Mining | SYA | $0.028 | +27.3% | +3.7% |
Tabcorp | TAH | $1.010 | +37.4% | +122.0% |
Torque Metals. | TOR | $0.320 | +36.2% | +204.8% |
Vertex Minerals | VTX | $0.285 | +29.5% | +213.2% |
WAM Capital | WAM | $1.750 | +4.5% | +9.7% |
Global X Copper Miners ETF | WIRE | $15.38 | +16.3% | +22.1% |
WCM Global Growth | WQG | $1.910 | -0.3% | +24.4% |
West Wits Mining | WWI | $0.038 | +72.7% | +153.3% |
Zimplats 10c US | ZIM | $17.30 | +11.6% | +12.6% |
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: Aura Energy (ASX: AEE), Ampol (ASX: ALD), Betmakers Technology Group (ASX: BET), Bisalloy Steel Group (ASX: BIS), Clearview Wealth (ASX: CVW), Dateline Resources (ASX: DTR), DUG Technology (ASX: DUG), Electro Optic Systems (ASX: EOS), Global X Physical Platinum ETF (ASX: ETPMPT), Falcon Metals (ASX: FAL), Fenix Resources (ASX: FEX), Felix Gold (ASX: FXG), Vaneck Gold Miners ETF (ASX: GDX), Global X Physical Gold ETF (ASX: GOLD), LTR Pharma (ASX: LTP), Omni Bridgeway (ASX: OBL), Sayona Mining (ASX: SYA), Tabcorp (ASX: TAH), Torque Metals. (ASX: TOR), West Wits Mining (ASX: WWI), Zimplats 10c US (ASX: ZIM).
10 Randomly chosen Feature Uptrend Charts:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Austin Engineering | ANG | $0.285 | -17.4% | -48.2% |
ASX | ASX | $62.14 | -11.0% | +1.0% |
Avita Medical | AVH | $1.340 | -20.5% | -49.4% |
Accent Group | AX1 | $1.385 | -5.5% | -33.4% |
Bapcor | BAP | $3.55 | -6.1% | -26.8% |
Bank of Queensland | BOQ | $7.01 | -7.3% | +11.8% |
Botanix Pharmaceuticals | BOT | $0.140 | -3.4% | -60.6% |
Ebos Group | EBO | $29.35 | -19.6% | -9.7% |
Endeavour Group | EDV | $3.73 | -10.3% | -29.8% |
EQT | EQT | $28.30 | -12.2% | -6.0% |
Flight Centre Travel | FLT | $12.53 | +2.5% | -38.8% |
Findi | FND | $3.56 | -3.5% | -1.1% |
G8 Education | GEM | $0.840 | -8.2% | -33.1% |
Guzman y Gomez | GYG | $24.50 | -11.5% | -30.9% |
HMC Capital | HMC | $3.64 | +2.0% | -56.2% |
IPH | IPH | $4.38 | -16.4% | -29.7% |
Kogan.Com | KGN | $3.93 | +2.9% | -17.1% |
Macquarie Technology | MAQ | $59.82 | -12.6% | -26.9% |
Nufarm | NUF | $2.40 | -5.1% | -39.2% |
Orthocell | OCC | $1.160 | -6.8% | +217.8% |
Peninsula Energy | PEN | $0.330 | -36.5% | -78.3% |
Qube | QUB | $4.12 | -4.6% | +7.9% |
Reece | REH | $10.48 | -19.9% | -60.8% |
Reliance Worldwide | RWC | $4.08 | -3.1% | -22.9% |
Sims | SGM | $14.05 | -4.4% | +29.7% |
Sonic Healthcare | SHL | $23.75 | -13.1% | -14.7% |
Stanmore Resources | SMR | $1.860 | -13.5% | -37.4% |
Woolworths Group | WOW | $27.85 | -12.1% | -21.2% |
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: Austin Engineering (ASX: ANG), Accent Group (ASX: AX1), Bapcor (ASX: BAP), Bank of Queensland (ASX: BOQ), Botanix Pharmaceuticals (ASX: BOT), Endeavour Group (ASX: EDV), EQT (ASX: EQT), Findi (ASX: FND), G8 Education (ASX: GEM), Guzman y Gomez (ASX: GYG), IPH (ASX: IPH), Nufarm (ASX: NUF), Peninsula Energy (ASX: PEN), Reece (ASX: REH), Reliance Worldwide Corporation (ASX: RWC), Sims (ASX: SGM), Sonic Healthcare (ASX: SHL), Stanmore Resources (ASX: SMR).
10 Randomly chosen Feature Downtrend Charts:
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'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!!!

