SMID , Long
NASDAQ:SMID Smith-Midland Corporation
Great volume bars , tons of accumulation on this . We broke up out of a base today with nice volume to help validate the entry . Also decent relative strength . SMID had a weaker start but strong close . This paired with the base break, low selling volume in base and the recent weeks of huge accumulation volume bars makes this a buy for me . Entered at the close , Stop low of day .
Closed entire position yesterday ( luckily ) . I actually closed at a tiny gain but I realized that this is super volatile on lower timeframe , gets whipped up and down pretty quickly ( often the whole days range in one single 5 min candle ) I didnt like that so I exited . I have made a mental note to be more careful and take the time to observe lower tf charts too even if its a multi day play .