I dont think a new CEO will officially take over till the start of the next financial year, but an announcement could be made earlier, that might help.
If we where going down with the sector, i expect we should stabilize, but the problem with midcaps our size, is that it is pretty easy for a big insto to push us around. It is a bit disturbing because we shouldn't be dragged down by Telstra because they are being dragged down by mobile, which doesn't affect us.
A good refinancing announcement that will help a lot, probably more than CEO, because it reduces perceived risk, but that is probably weeks away.
As for the charts, Bollinger Bands are usually as good a guide as anything, the bottom band has turned up, which could be an early sign its stabilizing, and Stoch RSI looks near a bottom. But Money Flow Index looks like it could take a couple more days to level out. Im not sure.
My guess is that the bots will keep trying to push it to extremes, so look for (human) bargain hunters, larger orders supporting a bottom price. I havent been following intra-day trade for a while so im not sure how it stands.
https://www.tradingview.com/x/OIWap1Du/
