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Reverse ABCD Zoom April 2nd

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Hi All,

Zoom had some bad news with regards to privacy/data. Seemed to be very weak. 

I thought it was a nice moment to enter for a reverse ABCD. It was on SSL, therefore I had to put two limit orders and therefore my order got filled in two times.

- What do you guys think on this trade?
- Should I have waited for more confirmation before entering the trade?
- What would be other factors that you guys would consider before entering this trade?




Edited by Lenny

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If the blue line is the VWAP and those two lines right below it are the 9 and 20 EMA I would have waited to see what would happen in the next few minutes to see where the trade is going.  The VWAP could be a resistance level and could give you a good short but with looking at the 1 min chart you can see the 9 getting ready to cross the 20 which means the stock is going to move on up but that is only one of the indications.  The stock was already trending up before that with average volume. 

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