ChartWatch ASX Scans: Defence big guns ARMR, DTEC, DRO, and ELS fire up, IEL and NUF dead cat bounces continue

Key points:Interesting uptrends in today's Scans: Almonty (AII), Aurelia Metals (AMI), Commonwealth Bank (CBA), Droneshield (DRO), Elsight (ELS), Karoon Energy (KAR), Locksley Resources (LKY), Lovisa (LOV), Macquarie (MQG), Wesfarmers (WES), Xero (XRO), Zip Co (ZIP).Interesting downtrends in today's Scans: Botanix Pharmaceuticals (BOT), Coast Entertainment (CEH), IDP Education (IEL), Nufarm (NUF), Nuix (NXL), Redox (RDX), Skycity Entertainment Group (SKC).With the Aussie benchmark notching a third record high in the last four trading sessions on a total return basis, there was always going to be a good chance that today's Edition was going to be chockers-stuffed with Uptrends Scan List constituents, and by extension, Feature Uptrends.What's great about today's +70 Uptrends Scan List and +30 Feature Uptrends is the diverse range of sectors they come from. A broad market rally tends to be a sustainable one. But in even the best bull market, there are always a handful of stocks whose business models and management are just so terrible, or (let's provide an out here) the global economy and consumer trends have conspired so cruelly against them – that their charts present fantastic short selling opportunities. You'll find a sorry group of potential candidates to this end in today's Downtrends Scan Lists and Feature Downtrends.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 ListCompanyCodeLast Price1mo %1yr %Astral ResourcesAAR$0.190+22.6%+113.5%Aussie BroadbandABB$4.26+2.2%+24.6%Adriatic MetalsADT$5.23+33.4%+28.8%Australian Finance GroupAFG$2.28+21.0%+57.2%Almonty IndustriesAII$3.50+33.6%+483.3%AMA GroupAMA$0.105+40.0%+166.8%Aurelia MetalsAMI$0.340+17.2%+83.8%Aspen GroupAPZ$3.56+16.7%+97.8%BetaShares Australian Quality ETFAQLT$33.13+7.6%+17.4%BetaShares Global Defence ETFARMR$23.28+8.8%0%AustalASB$5.94+15.8%+151.7%BetaShares S&P/ASX Australian Technology ETFATEC$31.38+12.8%+31.3%Australian United Investment CompanyAUI$11.16+7.8%+9.4%Antipa MineralsAZY$0.660+28.2%+407.7%Bendigo and Adelaide BankBEN$12.76+12.5%+16.7%Bravura SolutionsBVS$2.52+16.7%+146.5%Catapult Group InternationalCAT$6.22+51.7%+228.2%Commonwealth Bank of AustraliaCBA$181.10+8.6%+51.5%Cuscal GroupCCL$2.97+10.4%0%Challenger GoldCEL$0.094+17.5%+28.8%Charter Hall GroupCHC$18.86+4.5%+55.6%Charter Hall Long Wale ReitCLW$4.21+6.6%+21.3%ComputershareCPU$41.25+5.9%+55.4%Charter Hall Retail ReitCQR$4.04+4.9%+23.5%DroneshieldDRO$1.575+20.7%+45.8%Global X Defence Tech ETFDTEC$16.12+9.8%0%Dateline ResourcesDTR$0.145+291.9%+935.7%Develop GlobalDVP$4.07+20.8%+73.9%ElsightELS$1.100+136.6%+185.7%EML PaymentsEML$1.155+19.1%+23.5%Green Critical MineralsGCM$0.022+69.2%+144.4%GraincorpGNC$7.85+14.9%-3.4%Gentrack GroupGTK$11.49+2.7%+29.8%BetaShares Global Cybersecurity ETFHACK$15.40+7.8%+39.4%Hub24HUB$85.20+8.8%+99.1%Harvey NormanHVN$5.53+4.5%+24.0%Insurance Australia GroupIAG$8.88+6.7%+43.2%iShares MSCI South Korea ETFIKO$101.08+7.9%+4.8%iShares S&P/ASX Small Ordinaries ETFISO$5.03+6.1%+8.6%JB HI-FIJBH$112.24+8.3%+94.8%Karoon EnergyKAR$1.740+22.5%-3.6%Kingsgate ConsolidatedKCN$2.19+16.2%+20.3%Locksley ResourcesLKY$0.115+422.7%+210.8%LovisaLOV$32.00+28.8%-5.6%Munro Global Growth Fund ETFMAET$7.00+7.5%+13.8%MFF Capital InvestmentsMFF$4.40+8.4%+24.6%Macquarie GroupMQG$217.24+10.9%+13.8%Vaneck Australian Banks ETFMVB$41.40+9.2%+24.0%MystateMYS$4.33+12.2%+20.6%National Australia BankNAB$38.60+9.3%+13.8%Ora Banda MiningOBM$1.265+18.2%+289.2%Peak Rare EarthsPEK$0.275+161.3%+36.4%Pro MedicusPME$283.33+17.6%+135.9%Pinnacle Investment Management GroupPNI$20.68+12.4%+58.3%PantoroPNR$3.69+18.3%+135.9%Pepper MoneyPPM$1.860+14.8%+29.2%PerentiPRN$1.635+18.5%+62.7%Peak MineralsPUA$0.023+130.0%+1331.3%QBE Insurance GroupQBE$23.95+12.2%+34.6%St BarbaraSBM$0.355+12.7%+51.1%SGHSGH$53.11+5.9%+35.5%SuperloopSLC$2.81+11.1%+99.3%Santana MineralsSMI$0.630+12.5%+72.6%Suncorp GroupSUN$21.30+4.7%+35.9%SPDR MSCI Australia Select High Dividend Yield Fund ETFSYI$30.79+5.2%+10.6%Temple & Webster GroupTPW$23.50+36.4%+140.3%BetaShares Global Uranium ETFURNM$8.18+18.4%-22.8%Warriedar ResourcesWA8$0.120+25.0%+122.2%WesfarmersWES$84.60+6.4%+30.4%Waratah MineralsWTM$0.360+80.0%+188.0%XeroXRO$188.87+13.6%+39.9%Zip Co.ZIP$2.21+36.8%+97.3%Today's Uptrends Scan ListFeature Charts from today's Uptrends List 🔎📈The stocks that I feel are showing the strongest excess demand from today's Uptrends List are: ustralian Finance Group , Almonty Industries , AMA Group , Aurelia Metals , Aspen Group , Austal , Bendigo and Adelaide Bank , Catapult Group International , Commonwealth Bank of Australia , Droneshield , Develop Global , Elsight , Green Critical Minerals , Graincorp , Hub24 , Harvey Norman , iShares MSCI South Korea ETF , Karoon Energy , Locksley Resources , Lovisa , Macquarie Group , Vaneck Australian Banks ETF , Mystate , Pinnacle Investment Management Group , Peak Minerals , QBE Insurance Group , Superloop , Santana Minerals , Suncorp Group , SPDR MSCI Australia Select High Dividend Yield Fund ETF , Temple & Webster Group , Wesfarmers , Xero , Zip Co. .10 Randomly Picked Feature Uptrend Charts:Downtrends Scan ListCompanyCodeLast Price1mo %1yr %Botanix PharmaceuticalsBOT$0.315-28.4%+14.5%Coast EntertainmentCEH$0.390-4.9%-22.0%Dicker DataDDR$8.05-4.5%-13.0%Domino's Pizza EnterprisesDMP$21.86-12.3%-43.5%G8 EducationGEM$1.205-4.7%0%Healthco Healthcare and Wellness ReitHCW$0.770-9.9%-31.6%HealiusHLS$0.870-24.8%-6.4%Humm GroupHUM$0.450-10.0%-2.2%Horizon OilHZN$0.170-5.6%0%Integral DiagnosticsIDX$2.39+1.3%-2.0%IDP EducationIEL$3.78-59.9%-76.3%IoneerINR$0.115-11.5%-46.5%Monash IVF GroupMVF$0.770-6.7%-45.8%New Hope CorporationNHC$3.70-0.5%-25.6%NufarmNUF$2.14-43.4%-52.1%NuixNXL$2.40+1.3%-22.6%RedoxRDX$2.39-13.1%-22.7%Rio TintoRIO$109.68-4.8%-15.0%Skycity Entertainment GroupSKC$0.840-15.6%-46.7%Strike EnergySTX$0.160-11.1%-23.8%Today's Downtrends Scan ListFeature Charts from today's Downtrends List 🔎📉The stocks that I feel are showing the strongest excess supply from today's Downtrends List are: Botanix Pharmaceuticals , Coast Entertainment , IDP Education , Nufarm , Nuix , Redox , Skycity Entertainment Group .Charts of each below: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.