Hi Nambo - I'm not an experienced chartist like yourself but IMHO Purple seems a bit overly ..err.. erect and red doesn't seem as likely given the positive effect and FOMO that starting production next week will have.
Every time I see the chart I see a gentler but inexorable centre line that seems to hit the main price line and allows for testing new highs and then for support to catch up. Its very approximate (and probably very ignorant) but it does suggest the very reasonable possibility that we will test 30c in the next couple of weeks and by May have the start of strong support there. The effect is similar to your bottom purple but as a midpoint and seems to best reflect what the stochastic chart is saying - resulting in the approx 1c supported increase a week.
Hope you don't mind me using your image but I added a quick orange line to indicate sort of what I see.
GXY Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
