Hi-Crush Partners $HCLP was bearish for most of 2017. After it cracked 23, it fell all the way down to a low of 7.30 in August. But now, price is trading around 10, and possibly developing a bullish reversal with 12 as the first target.HCLP Daily Chart(click to enlarge)Trend Shift: - Price action was bullish coming into 2017 but turned bearish in February.- We can also see that price has flattened since August, and have even rallied a bit. - The bullish momentum since August is still alive as shown by the RSI - it as remained above 40 after being able to break above 70.- Also, price appears to be holding above the 100- and 50-day simple moving averages (SMAs) since breaking above them. This would be a good sign for the bullish scenario.Resistance:- We still want to respect the prevailing downtrend. - Perhaps the current rally will become just a correction against the downtrend.- With this consideration, we can look at 12 as a conservative bullish target. - Note a previous support pivot here as well as the 200-day SMA.