RE:Wondering if I should by more now or wait for pullbackApha bounced off the 50dma and landed just above last low support. I would have liked to see it close above $20 Friday but the bounce off that 50 day is reassuring. Also look back at the chart there is strong support at $17 from beginning of the year.
Many have made big gains here so if markets sell off many stops will be triggered and the price will drop, that’s the market, no reason other than to protect capital. Friday was a big short squeeze for everyone so we can hope that follows through tomorrow.
Watch for resistance.