[komputeridiat]

I'm looking at $TRUP (yeah I had a second look at it too) and I saw a very good looking VCP. I'm thinking about hoping into it however, there is one day with a humongous volume on the 31 Aug 2020 on a down day. According to Minervini, this is not a good sign since we're supposed to look for more higher volumes on up days, and fewer low volumes on down days.

The idea is that the high volumes are buying up the weak holders and freeing up the supplies. As more and more supplies are dwindled up from the weak sellers during the down days with low volumes, it's supposed to mean that fewer and fewer sellers should exist over time as the price slowly crawls back up to the peak. However, what does it mean to have an extremely high volume that produces very little change as seen in the chart ~ -5%?

Does this mean that there is a very high counter buying power such that it soaked up lots of selling pressure thus also freeing up the supplies? Doesn't all high volumes produce a supply vacuum, making it safe to assume that the following there should be little resistance to go either up or down? So if the % change (be it up or down) per volume is very low, and the overall volume being significantly large, can it not be a signal to let the buyers know that there is low resistance the next day and that large %change can happen with significantly lower volume?

Response welcome!