accumulation range

There has been a lot of interest in this stock and probably more than any other over the last month or so. I have been slowly watching it move lower and lower and desperately looking for a place of value where its fortunes will turn around.

I did notice the large volume come in on the 30th November 2012, the highest daily volume in its history and that is what sparked my interest. I have to wonder if this stock will now be accumulated down at the current range of 55c-75c and then break higher once supply has been taken out of the market. In the last week price has moved back up to the level of the high volume bar and there was a lack of interest to move it higher and it has now fallen away in the last 3 days. This makes me think we are headed back towards the 55c or the lower level of the range and maybe some more buying will take place on the sell off. There are two plays at this, if the large volume in november was indeed large institutions buying up we have to see that high taken out and retested for supply, or there is the risky play of buying on the lower range with a close stop. Either way I will be looking for signs of accumulation and only then will i consider buying this stock.