I’ve been waiting for slack to hit $17, but with its base forming here right at the low 20s, it has jumped way up on my to-buy list. You can show further patience and buy under 20, but when it comes to timing capitulation, its usually better to just make an entry and average in instead of timing the bottom. If the company is healthy, like Slack, has a great product, like Slack, and is under the radar by giants, as Slack is with Microsoft, then investing in it for the longer term is smart.
My stop-loss plan is to mirror something that of PDD chart. I’m anchoring the trade according to PDD 1-year chart… if this isn’t the bottom, I’ll buy more aggressively in 16-18 levels.