ZI offered a very good risk-reward buy opportunity for day trading or an entry for a potential bottom swing trade.
In the chart image below (on a 2-minute timeframe), you can clearly see a large candlestick formed after consolidation above the VWAP (indicated by the orange line). Buying at the indicated point offered a potential 4% intraday gain.
ZI had a catalyst yesterday with the announcement of a “$100M share repurchase program”, which was the reason to monitor the stock.”