I am not a big fan of Overstock.com $OSTK, but price action is convincing me that there is at least some short-term upside after price slid from a high just under $90 in early 2018 to a low just above $9.00 in June 2019. OSTK Daily Chart(click to enlarge)Price Bottom?- Looking at the daily chart, we can see that price has broken the pattern of lower highs and lower lows.- The August High is a high on the year, and the August/September low is above the previous low around $9.00 in June.- Also, price has broken above the cluster of 200-, 100-, and 50-day simple moving averages (SMA). OSTK then bounced off this cluster of SMAs as support. This is a bullish sling-shot signal.- Furthermore, the RSI held above 40 after it pushed above 70 in July/August. This reflects maintenance of the recent bullish momentum.- Finally, there has been relatively strong volume accompanying the bullish price action since June. - While I am not confident of long-term upside in OSTK, I do think there is at least some short-term and maybe even medium-term bullish correction.- The area around $30 would be the first test of this bullish outlook. This was a previous support/resistance pivot area and would be a potential resistance against the current bullish reversal attempt.