ChartWatch ASX Insights: PLS Group, BetaShares Energy ETF, WH Soul Pattinson, Weebit Nano

Introduction to ChartWatch Daily ASX Scans

The ChartWatch Daily ASX Scans series offers a unique perspective on the Australian stock market, focusing on trend following through technical analysis. This approach helps identify the most promising uptrends and downtrends for investors. Viewers can also watch live analyses of ASX stocks, gaining insights into how the methodology works and what factors influence the selection of stocks in these lists.

How to Use the Uptrends & Downtrends Lists

Investors can take the tables provided and use AI tools to convert them into formats compatible with trading platforms like TradingView. This allows for quick navigation between charts and an efficient way to monitor the best performing stocks. While some investors may choose to buy stocks in strong uptrends or sell those in downtrends, the ultimate use of the lists is up to individual preferences.

It’s important to note that many stocks appear on both lists repeatedly as long as they meet the criteria. However, there are no automatic notifications when a stock no longer meets the standards, so ongoing research is necessary to track changes in trends.

Uptrends Scan List

Below is a list of companies showing positive momentum:

Ampol (ALD): $33.79, +21.8% over one month, +41.1% over one year
Bioxyne (BXN): $0.060, 0% over one month, +114.3% over one year
Elevra Lithium (ELV): $8.00, -2.4% over one month, +196.3% over one year
BetaShares Global Energy ETF (FUEL): $8.99, +12.4% over one month, +37.5% over one year
Iluka Resources (ILU): $6.68, +7.9% over one month, +57.5% over one year
Lindian Resources (LIN): $0.865, +80.2% over one month, +810.5% over one year
Lodestar Minerals (LSR): $0.025, +127.3% over one month, +155.0% over one year
Liontown (LTR): $1.765, -2.8% over one month, +171.5% over one year
PLS Group (PLS): $5.15, -1.9% over one month, +180.7% over one year
Redox (RDX): $3.43, +8.5% over one month, +20.4% over one year
W.H. Soul Pattinson (SOL): $40.26, +7.0% over one month, +14.9% over one year
Tasmea (TEA): $5.09, +26.9% over one month, +118.0% over one year

Feature Charts from Today’s Uptrends List

Some stocks from the uptrends list show particularly strong demand. These include:

Bioxyne (BXN)
BetaShares Global Energy Companies ETF (FUEL)
PLS Group (PLS)
Redox (RDX)
W.H. Soul Pattinson (SOL)

ChartWatch LIVE Webinar

Join the weekly ChartWatch LIVE Webinars every Wednesday at 12pm AEDT. These sessions provide in-depth insights into technical analysis and trend following, using real-world examples from the ASX. Investors can ask questions about their portfolios or any other related topics and receive expert opinions from Carl Capolingua, a leading technical analyst in Australia.

Places are limited, so register now to secure your spot.

Downtrends Scan List

Here is a list of companies showing negative momentum:

Abacus (ABG): $1.000, -6.5% over one month, -11.5% over one year
Adairs (ADH): $1.340, -28.0% over one month, -39.6% over one year
Aspen (APZ): $4.58, -24.0% over one month, +68.4% over one year
Accent Group (AX1): $0.770, -33.9% over one month, -57.3% over one year
Cettire (CTT): $0.230, -31.3% over one month, -73.4% over one year
Digico Reit (DGT): $1.655, -21.2% over one month, -52.7% over one year
Dexus Industria Reit (DXI): $2.34, -7.9% over one month, -13.0% over one year
Fleetwood (FWD): $1.680, -19.2% over one month, -30.0% over one year
Gentrack (GTK): $5.59, -19.0% over one month, -42.0% over one year
Judo Capital (JDO): $1.445, -15.2% over one month, -19.7% over one year
Kelsian (KLS): $3.82, -16.2% over one month, +40.4% over one year
Nextdc (NXT): $11.44, -20.2% over one month, -12.3% over one year
Objective Corp. (OCL): $11.50, -9.9% over one month, -24.5% over one year
Peter Warren Auto (PWR): $1.295, -13.7% over one month, -5.8% over one year
PYC Therapeutics (PYC): $1.100, -26.4% over one month, -2.9% over one year
Robex Resources (RXR): $5.40, -28.1% over one month, 0% over one year
Siteminder (SDR): $2.80, -19.8% over one month, -40.4% over one year
Vulcan Steel (VSL): $5.40, -16.8% over one month, -31.1% over one year
Weebit Nano (WBT): $3.82, -18.9% over one month, +81.9% over one year
Webjet (WJL): $0.525, -4.5% over one month, -0.9% over one year

Feature Charts from Today’s Downtrends List

Some stocks from the downtrends list show significant supply pressure. These include:

Abacus (ABG)
Aspen (APZ)
Accent Group (AX1)
Cettire (CTT)
Fleetwood (FWD)
Nextdc (NXT)
Objective Corp. (OCL)
PYC Therapeutics (PYC)
Weebit Nano (WBT)

Important Considerations for Using the ChartWatch Daily ASX Scans

For more information on Carl’s trend following methodology, refer to his “Technical analysis for beginners: ChartWatch Primer.”
The future is uncertain, and trends can change rapidly. A stock that appears in an uptrend today may not remain so tomorrow.
These lists are not exhaustive and are curated by Carl. Some stocks may not appear on consecutive days but could return if they meet the criteria again.
This is not a recommendation service. It is intended to aid in understanding Carl’s technical analysis model. Investors should conduct their own research to determine why a stock may have been removed from a list.
The information provided is general and educational. Always perform independent research before making investment decisions.