ChartWatch ASX Update: Notable Declines in WDS, STO, MQG, and AD8 Amidst Strong Uptrends in APA, COL, and MPLD

• Notable upward movements observed in today’s scans include APA (APA), BetaShares Australian Bear ETF (BBOZ), BetaShares US Bear ETF (BBUS), COG Financial (COG), Coles (COL), Global X Defence Tech ETF (DTEC), iShares Global Consumer Staples ETF (IXI), and Medibank Private (MPL).
• Notable declines observed in today’s scans include Life360 (360), Audinate (AD8), AMP (AMP), ANZ (ANZ), Appen (APX), Hub24 (HUB), Mineral Resources (MIN), Macquarie (MQG), Santos (STO), Treasury Wine (TWE), Woodside Energy (WDS), Whitehaven Coal (WHC), and Xero (XRO).

Welcome to my daily ChartWatch ASX Scan series. In this segment, I share scan lists derived from various analyses. My approach to technical analysis focuses on trend following strategies. My aim is to notify you about the most promising upward and downward trends on the ASX.

A single image can convey a thousand words. But what about 102 images? Today, that’s the number of ASX stocks that appeared on my Downtrend Scan List—though I was quite stringent to ensure I didn’t include an overload.

Include in this the observation that three of the limited upward trends I managed to identify were in ETFs focused on SHORT SELLING, which paints a rather bleak picture of the current condition of the Australian stock market.

Please note, though, that very few new entries showed up on today’s Downtrend Scan List. In fact, most of these stocks had been listed for days, weeks, or even months previously. Additionally, keep in mind that numerous companies within this list have made multiple past appearances—such as Mineral Resources (MIN), Coronado Global Resources (CRN), and Woodside Energy Group (WDS)—sometimes appearing there dozens of times over.

In short: Monitor the Downtrends Scan List as it could assist you in formulating your approach for the upcoming (and subsequent) significant market decline ⬇️.

Don’t hesitate to use your preferred AI tool to transform the tables provided into lists that you can import onto your favorite trading platform such as TradingView. This way, you’ll effortlessly navigate through various charts and swiftly identify the strongest uptrends and downtrends within the ASX.

Certain investors opt for purchasing stocks with robust upward trends, while they might choose to steer clear of, liquidate, or even short sell stocks showing significant downward trajectories — however, the application of these lists ultimately depends on your personal strategy!

Keep in mind that numerous stocks appear on both lists multiple times. Provided they continue to meet my requirements—they will remain listed. However, please remember, there won’t be any alerts when this isn’t the case, so you’ll need to conduct your own investigations whenever a specific trend shifts!

Uptrends Scan List

Company	Code	Last Price	1mo %	1yr %
APA Group	APA	$8.06	+8.9%	-5.0%
Ausquest	AQD	$0.059	+51.3%	+335.2%
Austal	ASB	$4.26	-4.5%	+79.0%
BetaShares Australian Strong Bear Exchange-Traded Fund	BBOZ	$30.92	+13.2%	+8.9%
BetaShares US Equity Strong Bear CH ETF	BBUS	$5.61	+22.0%	-1.6%
COG Financial Services	COG	$1.235	+19.9%	-12.4%
Coles Group	COL	$21.13	+13.1%	+27.4%
Charter Hall Retail Reit	CQR	$3.62	+7.4%	+3.1%
Catalyst Metals	CYL	$5.77	+35.1%	+801.6%
Global X Defence Technology Exchange Traded Fund (ETF)	DTEC	$13.60	+2.9%	0%
Ebos Group	EBO	$35.69	+4.2%	+11.9%
Global X Consumer Staples ETF	IXI	$103.45	+2.1%	+14.4%
Medibank Private	MPL	$4.63	+6.7%	+23.5%
NIB	NHF	$6.90	+4.7%	-11.1%
Northern Star Resources	NST	$18.85	+7.0%	+27.5%
Ramelius Resources	RMS	$2.47	-10.5%	+26.0%
Regis Resources	RRL	$4.06	+24.5%	+104.5%
Global X Ultra Short Nasdaq-100 Hedged Fund ETF	SNAS	$32.41	+29.7%	-2.4%

Today's Uptrends Scan List

Todays' Uptrends List Feature Charts ✅📊

The stocks displaying the highest excess demand based on this morning’s Uptrends List are: APA Group ( ASX: APA BetaShares Australian Strong Bear ETF) ASX: BBOZ ), BetaShares US Equity Strong Bear-Cover HEDF ( ASX: BBUS COG Financial Services ( ASX: COG ), Coles Group ( ASX: COL Global X Defence Technology ETF ASX: DTEC ), iShares Worldwide Consumer Staples Exchange Traded Fund ( ASX: IXI ), Medibank Private ( ASX: MPL Global X Ultra Short NASDAQ-100 Hedging Fund ETF ( ASX: SNAS ).

Charts of each below:

Downtrends Scan List

Company	Code	Last Price	1mo %	1yr %
Life360	360	$18.01	-19.0%	+44.4%
Alpha HPA	A4N	$0.715	-16.4%	-23.5%
Alcoa Corporation	AAI	$42.80	-16.8%	0%
Abacus Group	ABG	$1.090	-4.4%	-10.7%
Audinate Group	AD8	$5.82	-27.6%	-72.6%
Adairs	ADH	$1.990	-11.6%	-16.7%
Aristocrat Leisure	ALL	$61.15	-15.4%	+45.2%
AMP	AMP	$1.110	-15.6%	-2.6%
ANZ Group	ANZ	$28.18	-4.1%	-3.4%
Amotiv	AOV	$7.32	-23.1%	-34.6%
Appen	APX	$0.860	-34.1%	+49.6%
ARB Corporation	ARB	$28.49	-17.0%	-29.5%
Accent Group	AX1	$1.755	-6.4%	-10.5%
Bendigo and Adelaide Bank	BEN	$10.16	-2.9%	-0.7%
Beach Energy	BPT	$1.245	-8.1%	-35.2%
Chrysos Corporation	C79	$3.85	-19.5%	-43.8%
Car Group	CAR	$30.94	-15.6%	-10.8%
Credit Corp Group	CCP	$12.23	-18.8%	-31.6%
Chalice Mining	CHN	$0.985	-30.9%	-11.3%
Champion Iron	CIA	$4.35	-17.3%	-39.1%
Coronado Global Resources	CRN	$0.270	-48.6%	-77.4%
Capstone Copper Corp.	CSC	$7.00	-20.6%	0%
Corporate Travel Management	CTD	$12.34	-21.1%	-25.3%
Cettire	CTT	$0.625	-37.8%	-80.9%
Clarity Pharmaceuticals	CU6	$1.680	-43.8%	-37.5%
Clinuvel Pharmaceuticals	CUV	$10.54	-12.5%	-33.9%
Core Lithium	CXO	$0.065	-21.7%	-59.4%
Data#3	DTL	$6.82	-13.1%	-17.5%
Elders	ELD	$6.30	-9.1%	-32.2%
Flight Centre Travel Group	FLT	$12.65	-15.8%	-41.3%
Goodman Group	GMG	$27.56	-14.0%	-15.2%
Graincorp	GNC	$6.66	-2.6%	-19.5%
GQG Partners	GQG	$1.885	-15.5%	-14.3%
GWA Group	GWA	$2.25	-4.7%	-14.1%
HMC Capital	HMC	$5.33	-37.1%	-24.0%
Hansen Technologies	HSN	$4.79	-5.5%	+0.2%
Hub24	HUB	$58.93	-23.0%	+40.2%
Infratil	IFT	$8.84	-6.3%	-11.3%
IGO	IGO	$3.46	-12.4%	-52.5%
Imugene	IMU	$0.026	-25.7%	-75.2%
Ioneer	INR	$0.140	-6.7%	-12.5%
Incitec Pivot	IPL	$2.34	-13.7%	-17.3%
Iperionx	IPX	$2.42	-30.5%	+8.5%
Iress	IRE	$7.45	-9.1%	-5.9%
Judo Capital	JDO	$1.645	-17.8%	+25.1%
James Hardie Industries	JHX	$34.84	-32.0%	-41.6%
Johns Lyng Group	JLG	$2.07	-25.5%	-66.1%
Karoon Energy	KAR	$1.365	-11.4%	-39.6%
Kogan.Com	KGN	$4.17	-13.8%	-47.2%
Macquarie Technology Group	MAQ	$57.66	-15.2%	-27.4%
Magellan Financial Group	MFG	$7.07	-13.5%	-28.2%
Mineral Resources	MIN	$18.95	-12.4%	-73.4%
Macquarie Group	MQG	$174.00	-21.1%	-11.6%
Mesoblast	MSB	$1.765	-19.8%	+85.8%
Myer	MYR	$0.600	-24.1%	-23.5%
Mystate	MYS	$3.73	-1.6%	+2.2%
Neuren Pharmaceuticals	NEU	$9.86	-21.7%	-52.5%
Nickel Industries	NIC	$0.515	-31.8%	-40.5%
Novonix	NVX	$0.410	-1.2%	-56.2%
NRW	NWH	$2.60	-9.1%	-11.3%
Netwealth Group	NWL	$22.48	-21.1%	+10.8%
News Corporation	NWS	$46.12	-9.0%	+13.5%
Nexgen Energy	NXG	$6.94	-12.4%	-48.4%
Nuix	NXL	$2.71	-17.1%	+30.3%
OFX Group	OFX	$1.035	-18.2%	-33.4%
Orora	ORA	$1.770	-12.8%	-22.0%
Orica	ORI	$16.28	-3.9%	-9.8%
Paradigm Biopharmaceuticals.	PAR	$0.300	-35.5%	-14.3%
Pro Medicus	PME	$189.77	-28.4%	+81.5%
Patriot Battery Metals	PMT	$0.235	-20.3%	-73.9%
Pinnacle Investment Management Group	PNI	$15.46	-24.6%	+37.3%
Polynovo	PNV	$1.050	-23.9%	-51.2%
Perpetual	PPT	$17.74	-8.7%	-29.5%
PWR Holdings	PWH	$6.60	-10.2%	-42.3%
PYC Therapeutics	PYC	$1.090	-11.4%	+33.6%
Reece	REH	$14.23	-15.5%	-49.1%
Regal Partners	RPL	$1.975	-36.3%	-35.0%
Reliance Worldwide Corporation	RWC	$4.03	-19.1%	-28.8%
South32	S32	$2.81	-22.8%	-11.4%
Siteminder	SDR	$3.95	-18.1%	-26.7%
Seek	SEK	$20.38	-15.9%	-16.0%
Stanmore Resources	SMR	$1.840	-20.0%	-39.5%
Santos	STO	$5.95	-2.9%	-24.5%
Strike Energy	STX	$0.150	-14.3%	-42.3%
Super Retail Group	SUL	$12.60	-8.2%	-16.4%
Syrah Resources	SYR	$0.210	-10.6%	-61.1%
Tabcorp	TAH	$0.570	-13.6%	-24.0%
Terracom	TER	$0.068	-38.2%	-72.8%
Treasury Wine Estates	TWE	$8.63	-14.2%	-33.6%
Tyro Payments	TYR	$0.700	-13.0%	-30.3%
Viva Energy Group	VEA	$1.580	-6.2%	-57.9%
WA1 Resources	WA1	$11.86	-6.6%	-5.5%
Weebit Nano	WBT	$1.605	-20.9%	-48.9%
Wildcat Resources	WC8	$0.155	-20.5%	-75.4%
Woodside Energy Group	WDS	$20.43	-11.1%	-33.1%
WEB Travel Group	WEB	$4.24	-12.4%	-45.4%
Whitehaven Coal	WHC	$4.62	-19.9%	-35.6%
Webjet	WJL	$0.500	-27.5%	0%
Worley	WOR	$13.05	-10.9%	-22.2%
Wisetech Global	WTC	$74.83	-18.3%	-21.2%
Xero	XRO	$145.54	-15.4%	+16.3%
Yancoal Australia	YAL	$4.64	-22.1%	-12.1%
Zip Co.	ZIP	$1.285	-40.2%	-1.2%

Today's Downtrends Scan List

Trend Analysis: Feature Charts from Today's Declining List 📊↘️

Noteworthy declines observed today across these stocks include: Life360 (360), Alpha HPA (A4N), Audinate Group (AD8), Adairs (ADH), Aristocrat Leisure (ALL), AMP (AMP), ANZ Group (ANZ), Appen (APX), ARB Corporation (ARB), Chrysos Corporation (C79), Car Sales Group (CAR), Credit Corp Group (CCP), Coronado Global Resources (CRN), Capstone Copper Corp. (CSC), Corporate Travel Management (CTD), Clarity Pharmaceuticals (CU6), Clinuvel Pharmaceuticals (CUV), Elders (ELD), Flight Centre Travel Group (FLT), Goodman Group (GMG), GQG Partners (GQG), HMC Capital (HMC), Hub24 (HUB), Infratil (IFT), Incitec Pivot (IPL), Iress (IRE), Judo Capital (JDO), Macquarie Technology Group (MAQ), Magellan Financial Group (MFG), Mineral Resources (MIN), Macquarie Group (MQG), Neuren Pharmaceuticals (NEU), Nickel Industries (NIC), Netwealth Group (NWL), Nuix (NXL), OFX Group (OFX), Pro Medicus (PME), Patriot Battery Metals (PMT), Pinnacle Investment Management Group (PNI), Polynovo (PNV), Perpetual Limited (PPT), PWR Holdings (PWH), Reece (REH), Regal Partners (RPL), Siteminder (SDR), Seek Ltd (SEK), Stanmore Resources (SMR), Santos (STO), Strike Energy (STX), Treasury Wine Estates (TWE), Tyro Payments (TYR), Viva Energy Group (VEA), WA1 Resources (WA1), Weebit Nano (WBT), Woodside Energy Group (WDS), Whitehaven Coal (WHC), Webjet (WJL), Worley (WOR), Wisetech Global (WTC), Xero (XRO).

Charts of each below:

(There are far too many to list them all here… so I had an AI select 10 randomly from the list!)

ChartWatch Primer

To get a thorough understanding of Carl's approach to technical analysis, make sure to review this. ChartWatch Primer .

Key factors to keep in mind when utilizing the ChartWatch Daily ASX Scans:

1. What lies ahead remains uncertain; shifts could alter the patterns seen in these charts. Stocks currently riding high or low trends might see changes by day's end. 2. These compilations aren’t all-encompassing; instead, they’re crafted selections from Carl. Expect some securities to drop out one day and then resurface later based on his assessment. 3. We're offering assistance rather than advice here—aimed at helping you grasp how Carl applies his analytical techniques practically. Don't count on receiving notifications about removed entries due to altered trajectories—the decision-making process falls upon you. 4. Consider this broad guidance for learning purposes alone—always conduct thorough personal investigations too.

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