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ChartWatch Goes Live 📈
For those eager to delve deeper into technical analysis and trend-following strategies focused on ASX stocks, a complimentary luncheon webinar is scheduled for Wednesday, 18th June at 12pm AEST, led by our resident expert, Carl Capolingua.
To secure a spot at this limited-capacity event—only 100 participants will be accepted—make sure to REGISTER NOW to avoid disappointment!
ChartWatch ASX Scans serve as essential resources for tracking notable uptrends and downtrends in the Australian stock market. However, it’s important to clarify that ChartWatch is not a signal service; it does not provide explicit buy or sell instructions. Instead, users are encouraged to interpret the findings according to their own risk tolerances and investing strategies.
To streamline decision-making, understanding the criteria for the Uptrends and Downtrends lists is key. If a stock shows multiple indicators that disqualify it from the uptrend list, it might be a sign to re-evaluate your investment there. These insights will be discussed comprehensively in the upcoming webinar.
This ChartWatch Daily ASX Scans series aims to highlight strong uptrends and downtrends based on a straightforward technical analysis methodology. Investors typically prefer acquiring stocks that are on the rise, while others may choose to short-sell stocks that are declining.
Remember, consistent research is vital, as stocks may reappear on the lists only if they meet the qualifying metrics over time, and you won’t receive notifications when they drop off.
Uptrends Scan List
| Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
| Autosports Group | ASG | $2.17 | -0.5% | -2.3% |
| Global X Uranium ETF | ATOM | $19.17 | +29.7% | +18.3% |
| Ausgold | AUC | $0.755 | +19.8% | +93.6% |
| Antipa Minerals | AZY | $0.770 | +67.4% | +431.0% |
| Bubs Australia | BUB | $0.150 | +25.0% | +25.0% |
| … | … | … | … | … |
Note: Today’s featured stocks with notable demand include Global X Uranium ETF (ASX: ATOM) and Antipa Minerals (ASX: AZY).
Downtrends Scan List
| Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
| Alpha HPA | A4N | $0.820 | -17.2% | -7.9% |
| Coast Entertainment | CEH | $0.375 | -13.8% | -24.2% |
| Champion Iron | CIA | $4.21 | -12.1% | -36.1% |
| … | … | … | … | … |
Today’s stocks demonstrating significant supply excess involve Cettire (ASX: CTT) and Domino’s Pizza Enterprises (ASX: DMP).
Important Considerations
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Market Dynamics: Trends can change unpredictably; a stock’s current upward or downward trajectory may alter by the end of the trading session.
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List Curations: The scans are not exhaustive; they are selectively chosen by Carl. Some stocks may not appear continuously but can return when appropriate.
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Education, Not Recommendations: This service is designed merely for educational purposes, allowing participants to understand Carl’s technical analysis methods practically.
- Conduct Personal Research: It’s essential to validate any stock movements independently, using the provided data as one of many tools in your investment arsenal.
Join us for the upcoming webinar to fine-tune your understanding of these trends. Make your investment decisions informed with the right resources!
This summary encapsulates the essence of the original content while maintaining a focus on the key takeaways, trends, and actionable insights for investors in the ASX.
