Appreciate your chartist views on this stock but there is a lot...

Appreciate your chartist views on this stock but there is a lot of comment about a media shakeup next year.
A couple of weeks ago it fell quickly to about $5.40 when Stokes "apologised" for the ratings performance of 7 and then it went back up rapidly to $6.30.
With the comment and sympathy around for this sector, I can't really see it falling through $5.80 in the medium term.
I recommend an options play to protect any downside position that you may have.