Focusing on the indicators for
Ubi Blockchain Internet Ltd (UBIA), we see that the 14 day Stochastic RSI indicator is showing signs of a possible bullish divergence.
Several others, including a biotech firm that changed its name to Riot Blockchain, Long Island Iced Tea which changed its name to Long Blockchain, and Hong Kong - based
UBI Blockchain have all seen stocks surge as a direct result of their newfound allegiance with crypto tech.
In recent months, the SEC has taken action against several newly - minted blockchain and cryptocurrency companies, including The Crypto Company and
UBI Blockchain Internet, Ltd (which each utilized a reverse merger to become publicly traded).
The Securities and Exchange Commission has halted trading in shares of
UBI Blockchain Internet, a Hong Kong - based company, citing potentially inaccurate information in its disclosures to the regulator and unusual and unexplained market activity in the stock since November.