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Pyrogenesis Canada Inc T.PYR

Alternate Symbol(s):  PYRGF

PyroGenesis Canada Inc. is a Canada-based high-tech company. It is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases. It offers patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. Its products and services include Plasma Atomized Metal Powders, Aluminum and Zinc Dross Recovery (DROSRITE), waste management, plasma torches, and Innovation/Custom Process Development. It also operates PUREVAP NSiR, which is a proprietary process that can use different purities of silicon as feedstock to make a range of spherical silicon nano- and micro-powders and wires, for use across various applications. Its products and services are commercialized to customers operating in a range of industries, including the defense, metallurgical, mining, advanced materials, oil & gas, and environmental industries.


TSX:PYR - Post by User

Bullboard Posts
Comment by Kleptocracyon Oct 09, 2019 4:48pm
112 Views
Post# 30214027

RE:Not a Technical Analysis expert

RE:Not a Technical Analysis expert
The short answer is no.

Statistical probability is yes but it is not MUST and sometimes gapfills can take years to occur.

Often the bottom of gaps will become strong support during a resting phase and during retracing movement in a down market. I look at, at least,  three things to judge gaps,gapfills and directional movement,
1) The upper Bollinger band at 2 standard deviations
2) The lower Bollinger band at 2 standard deviations
Price movement outside of these two markers are outside of statistical probability. If price is above the upper line you should at least be thinking about trimming your position.
If the price is below the lower line you should at least be thinking about adding to your position.
3) OBV (On balance volume) the best way to tell if the volume trading is people selling or buying and also gives indications of how much emotion is built into the prive movement.
Bullboard Posts