HIVE Blockchain Technologies (HVBTF) Stock Moves Towards $3: Will it Sustain?

Uplisting to a massive exchange can be a major boost to any stock and hence, it is no surprise that the HIVE Blockchain Technologies (OTCMKTS:HVBTF) stock has jumped by 7% this morning after it emerged that NASDAQ approved its common shares to be listed on the exchange.

In this regard, it should also be pointed out that the firm is going to continue to be listed on the TSX Venture Exchange.

This is a momentous development for the company since NASDAQ is one of the world’s biggest exchange and it is going to expose the HIVE Blockchain stock to a much larger pool of investors as well as capital.

In addition to that, the stock will be exposed to institutional investors as well. HIVE Blockchain is one of the world’s few crypto mining companies which are focussed on green energy and that is another factor that could be helpful for its prospects as investors grow more environmentally conscious.

Market Reaction:

As of 10:33, HVBTF stock went up 6.75% to $2.60 with more than 817K shares, compared to its average volume of 2.25 million shares. The stock has moved within a range of $2.5589 – 2.6600 after opening the trade at $2.64.

Moving Averages

+/- EMA(20)2.58 (+0.78%)
+/- SMA(50)2.96 (-12.16%)
+/- SMA(200)2.06 (+26.21%)

Pivot Points

NameS3S2S1Pivot PointsR1R2R3

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