Mike's system issued a high volume alert a few minutes ago for NXPI.
The e-mail alert looks like this:
We can see that indeed, the volume is higher than the threshold:
So, I ran the Breakout Calculator, using the alert price as a BO trigger ($105.34). We can see below that the R/R ratio is not very good. The test has been made on the past two years.
What is however interesting is that as the breakout price gets stronger, then the long trade has better chances to work.
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