PT here is 50c on this decent 19.72M float stock.

Like every other biotech company today, this company is participating in the HC Wainwright, blah blah blah, nonsense. Nothing in this stock has changed but the volume is hot at 4M shares.

Could this be the beginning of a multi-day run-up? 

There was no news that I could find prior or near the 07/17/2020 date (near original run-up) BUT ONLY on Jun 4th, 2020, there was a PR, "Capricor to Participate in BIO Digital International Convention."

To me, this says the volume today is significant because traders are anticipating a move.

1) The stock could just consolidate tomorrow if the volume is low.

2) If the volume is high out of the gate, it's possible she runs right away. Buy if hot volume and solid level 2 support shown above $6.00. Otherwise, wait for a retracement.  

3) Finally, wait for a dip down as low as $5.40 (or lower) if strong level II support is shown.