**BULL (Webull) — Earnings Momentum or Failed Breakout? Watching Friday Closely**
I've been digging into BULL after the recent earnings reaction, and I'm curious what everyone else sees here.
**My thesis:**
BULL initially reacted strongly to earnings, but today's move obviously didn't hold. It pushed above $10 overnight before selling off hard and closing around $8.84.
That makes tomorrow interesting to me—not because I think it's guaranteed to squeeze, but because we should find out pretty quickly whether today's selloff killed the momentum or created a potential rebound setup.
Levels I'm personally watching:
• **$8.70–$8.85:** Area I'd like to see buyers defend.
• **$9.00:** First psychological reclaim.
• **$9.30–$9.50:** This is the big area for me. Reclaiming it would make today's breakdown look considerably less convincing.
• **$10.00:** If BULL somehow gets back above here with strong volume, I'd be watching whether momentum traders return.
• **$10.25+:** Would confirm to me that the post-earnings move still has some serious life.
The bearish case is pretty straightforward: today's rejection was ugly. If BULL can't reclaim $9 and especially if the \~$8.70 area fails, I think the probability of an immediate rebound drops considerably.
**Position disclosure:** I own short-dated BULL calls, so I'm obviously financially incentivized for this to go up. I'm not suggesting anyone buy the stock or options based on my position.
I'm posting because I'd like some unbiased eyes on the setup.
For anyone following BULL: **Do you see today's action as a failed earnings breakout, or does the setup still have a legitimate chance of continuation?**
Especially interested in hearing the bear case.
Not financial advice—do your own research.