Wednesday, April 15, 2020 4:10:22 PM
The sudden and significant uptick the increase of volume is based on something. The two most likely reasons are;
1. Potential good news starting to leak out that has buyers purchasing in advance to an official announcement or;
2. Shares being dumped either due to a fear of upcoming bad news or toxic debt being converted.
Scenario #1 usually includes high volume combined with an increase in share price.
Scenario #2 usually includes high volume combined with a decrease in share price.
Ergo, Scenario #2 is more likely to be what is occurring.
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