Vape Holdings Inc. (fka VAPE)

[elback]

VAPE: Another Gap Down, Below 200 Day SMA
Bit of a technical breakdown on Wednesday. VAPE gapped down at the open and closed below the open price as well as closing below the 200 day SMA. That’s not a good feeling especially with an unclosed gap at .003

I do think a dip into the low 3s would bring on some buyers, myself included.

Thursday is a big day for weed in Canada. The third and final reading of Bill C-45, the bill to legalize recreational cannabis in Canada. By most accounts the bill is likely to pass as it was a campaign promise of PM Justin Tredeau to legalize weed and the new industry is expected to add several billion dollars to Canada’s GDP along with reducing enforcement costs and providing new tax revenues.

Let’s see what today brings...