PyroGenesis Inc T.PYR

Alternate Symbol(s): PYRGF

PyroGenesis Inc., formerly PyroGenesis Canada Inc., is a Canada-based high-tech company. The Company is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG). The Company has created proprietary, patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. It provides engineering and manufacturing expertise, contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, additive manufacturing (including 3D printing), oil and gas, and environmental industries. Its products and services include plasma atomized metal powders, aluminum and zinc dross recovery, waste management, plasma torches, and innovation/custom process development. It offers PUREVAP, which is a high purity metallurgical grade silicon and solar grade silicon from quartz.

TSX:PYR - Post by User

PyroGenesis Inc

Bullboard Posts

Comment by ArnoldLayneon Dec 04, 2020 11:36am

157 Views

Post# 32037138

RE:Technical Analysis - PYR Very Bearish

A well anticipated news release can also invalidate all your TA. And your 3$ entry point...

SigmundsID wrote:
CAUTION: We are currently trading under all moving averages, except the 200 day EMA - which is at $3.10 (consider this a possible short term PT and resistence). The 200 day SMA is $2.81

The RSI is currently sitting at 46.05 - while not bad, seems to indicate weak buying pressure.
Volume today is about 62,000 - well below our average of 375,000: this is very bearish and tells u that the market is currently very uninterested in this stock

We are currently trading below the VWAP at $3.75

Overalll technical indicators suggest a very bearish chart - I would expect the price to continue to fall in the near term, likely toward the 200 day EMA - we could be testing $3 by Christmas at this rate