UBI could face big sell order

Speculation there is a big sell order in the pipeline could see medical testing device maker retest its 60 cents support level.

Shares in Universal Biosensors (UBI) looks set to retest its 60 cents support as the stock struggles to bounce from this week’s drubbing.

There’s a new theory why the stock is not getting much love even though experts agree that the 10% crash this week to 64 cents puts the medical testing device maker in value territory.

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