Still looks like.... ....accumulation to me. A savy pro (hired gun to clean up stock) once confided the five steps of his modus operandi:
1. Take an educated guess on what it will take volume-wise to get out the nervous nellies and most susceptible to selling (studying NOBO lists and position/trading trends of individual shareholders, making calls to the really big stakeholders, interviewing management about disgruntled or financially stressed insiders, employees, friends, family, etc.).
2. Line up serious buyers with deep pockets and long term horizons, who like your project.
3. Plan support at various levels.
4. NEVER chase the stock - let it come to you.
5. Once you're confident you have everything under control - KABOOM.
A little simplistic, but you should get the idea. Keeping those fingers, toes, etc crossed. BTW, where's the watercooler guy?