While this should be in the charts thread, I believe your analysis to be wrong.
1. You cannot create a channel and ignore outliers just to make it look neat.
2. There was never a 'major support' at $2.14 (red line on my weekly chart which shows no clear support/resistance at this level)
3. If SP drops below $2.07 (where it bounced on 30Oct18), the next major support is at c. $2.00.
4. If it drops below $2.00, it may go as low as $1.70.
5. The 5 min chart for today suggests it's found support at $2.08, though there is always a trading hiatus around lunchtime, after which it may bounce up or drop further.
WEEKLY CHART - GXY
View attachment 1397545
Five minute chart - GXY 21Dec18
View attachment 1397547
