And yet there are just as many examples of deals in public companies occurring without any prior increase in volume/price.
With this stock, looking at price/volume only is not a valid predictor of what is to come. After all look at the big moves that have happened since 2014 in anticipation of revenue/partnerships which didn't materialize.
This stock has only moved on sentiment, emotion and anticipation to date. I think new management will be changing that with a clear plan.