GNC has been on a bearish trend since reaching heights of almost $61 in 2014. In April 2017, GNC almost traded as low as $6.50. But since then, price has remained sideways, and there is a chance it will recover a bit and double up to the 12-13 area.GNC Daily Chart(click to enlarge)Rounded Bottom:- The daily chart shows a rounded bottom in 2017.- Chartists would also see a "cup-and-handle pattern. In this case, the current swing in September would be the handle. - The key is that price was pivoting from 6.50-7.00 throughout most of this rounded bottom, but has recently pivoted from around 8.00. This shows the market is not only in a sideways consolidation, but may be shifting to a bullish correction.- Also, the fact that the RSI pushed above 70 and has been holding above 40 shows that the market is building bullish momentum.- Lastly, price appears to be turning above the 200- and 100-day simple moving averages (SMAs), a sign that the market could be turning bullish at least in the short to medium-term.Limited Upside:- Because of the prevailing downtrend, we might want to limit the bullish outlook.- For now, I think the 11.80-12 area could be a reasonable short-term target. This represents the 2017 high.- But even if price overshoots this resistance, I think we should limit the bullish outlook to 13.00, the support of a previous consolidation.