To buy near the lowest price and at the turning point requires patience and discipline. First, identify a stock in a strong, long-term downtrend. Then, wait and do nothing. The key is to avoid trying to catch a falling knife. Instead, watch for a significant price consolidation where the downtrend stalls and the stock moves sideways for a period. Look for a technical confirmation of a reversal, such as a break above a key resistance level or a bullish chart pattern like a double bottom, accompanied by a surge in trading volume. This "U-turn" point, confirmed by price action, offers a higher-probability entry with defined risk, rather than guessing the absolute bottom.