High Performance Beverages Comp. (TBEV)

[IcePick06]

It means if you look at the first bottom (which was strong support) the stock ran up HUGE shortly after as massive accumulation occurred at the support level. Now we are forming the 2nd bottom at the same/similar support level of .0015 so if more volume ensues (which we've had for the past few days) we should see a nice bounce up to recent highs. I too noticed this double bottom forming and accumulated another 3 million shares today between .0015 and .0016

Here's the formal explanation of the term used in chart analysis:

DOUBLE BOTTOM