Welcome to the board! We're glad you're here!!
Yep, that's a new leaf or "nubbin" as you'll learn around here..lol...the stake placement looks ok, the new growth with grow around it...no worries...now as for the condition of the plant - it's thirsty - how often are you watering and fertilizing? As for promoting new roots, get a product called K-L-N (Dyna Grow)
Welcome to First Rays Orchids is where I get mine. Follow the directions ont he label and you should be fine....keep us posted on your progress!!!