Long

$GRUB True Bullish Harami Daily

GGRUB GrubHub has just completed printing a true Bullish Harami candlestick pattern at the bottom of a downtrend. Attached link to diagram explaining the rules for the bullish harami. Large bearish candle, followed by a gap up from close bearish candle, whose body is no bigger than 25% the preceding bear candle. In addition to this pattern, the RSI has shown a breakout from its downtrend pattern and oversold conditions. This looks like a good, short term long play to me, I like the August 23rd C62.5, currently around .55 per contract. Happy hunting and GLTA!! a.c-dn.net/b/0z7AUu/bullish-harami-pattern_body_Bullishharamiexplained.png.full.png
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