VLX - could expanding volume signal hidden buyer absorption

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VLX - could expanding volume signal hidden buyer absorptionVolex plcLSE_DLY:VLXStockso_SimpleThe price here is in the middle of what I would call a trading range. Specifically between the price of 420p - 715p. My annotation was made because of the deep wick associated with the continued rise in volume here, also after the recent results. Could this be a sign of buyers overwhelming the sell orders thrown at the market? Watching for a little more consolidation here to see a reversal and mindful that the stock is currently trending downwards.