[BEARISH]: GWA has formed a new Three Black Crows reversal pattern.
This pattern indicates a strong reversal in the market. It is characterized by three normal or long candlesticks decrementing downwards. The opening of each day is slightly higher than previous close and prices progressively close at lower levels. This staircase like behaviour signals the reversal of the trend. Calculation: Three Black Crows Candlestick Pattern: 1) The market is characterized by a prevailing uptrend; 2) Three consecutive normal or long black candlesticks are observed; 3) Each candlestick opens within the body of the previous day; 4) Candlesticks progressively close at new lows below the preceding day;
PROFILE: GWA (GWA.AX)
Stock Exchange: ASX
Ticker Codes: | GWA.AX | ASX:GWA |
GWA Group Limited engages in the research, design, manufacture, import, marketing, and distribution of building fixtures and fittings to residential and commercial premises in Australia, New Zealand, and international markets. It operates through two segments, Bathrooms & Kitchens, and Door & Access Systems. The Bathrooms & Kitchens segment offers vitreous China toilet suites, basins, plastic cisterns, tapware, baths, kitchen sinks, laundry tubs, and bathroom accessories under various brands, including the Caroma, Dorf, Fowler, Stylus, and Clark as well as Schell, Virtu, EMCO, and Sanitron. The Door & Access Systems segment provides door locks and levers under various brands, including Grainsborough, Trilock, TradePro, and Austral Lock, as well as Salto, Lorient, and Eco Schulte. This segment also engages in the supply and maintenance of commercial door systems. GWA Group Limited is headquartered in Eagle Farm, Australia.
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