Owens Corning $OC was bearish in 2018 after reaching the $96 per share mark. I fell more than 50%, and found support just above $40 at the end of the year. Since then, we have seen a choppy bullish drive that could be developing rounded bottom.OC Daily Chart(click to enlarge)Pattern Change:- In 2018,m price action was persistently making lower highs and lower lows (definition of a bearish trend).- Furthermore, price was trading under the 200-, 100-, and 50-day simple moving averages (SMA). - The RSI was held under 60 after it tagged 30, which reflected the maintenance of bearish momentum.- All these patterns broke by the start of 2019. - Price action made a higher high and a higher low.- Price is also climbing back above the cluster of moving averages. It hasn't cleared them but it is whipping above and below these SMAs instead of trading under them.- The RSI pushed to 70, and was not able to fall below 30.- Overall, we could be seeing a price bottom. - A hold above $50 followed by a break above $56 would confirm that and open up the $70 level. - Inability to hold above $45 on the other hand would put pressure back towards the $40 handle.