Beware of fake double bottoms

$U Power(UCAR.US)$ Under 20MA, the 5MA line bears are looking for good. Using a false double bottom of 0.062, the bullish situation is not optimistic. It is likely that it will hit at least one more time or even several new lows until a reverse split is announced. Unless the trade closes above 0.083 and then breaks through the strong resistance range around 0.095, it is an effective sign of a bearish overturn