a volume spike is supposed to tell you there is increased interest from increased number of people .. a single trade that makes up for some 98% of the volume is, to my mind, meaningless .. what if it is just a director transferring shares to his wife ? selling to a BEE fund ? it is not saying increased interest at all, hence meaningless
no, now you mixing up cause and effect, stocks go up for hundreds of reasons and not every volume spike means a stock goes higher .. I am saying this volume spike is meaningless .. I am not saying the stock will not go up .. those are two totally different things ..