Webull Chart - Robinhood Competitor?

9월 14일

Calling all matadors, we got a bull to corral.

I've charted some levels of interest for a speculative hold. Many view webull as a potential competitor for robinhood, although fundamentally, bull is in no-where near in the financial position that hood is in terms of free cash flow and expenses (or innovation as far as I've seen).

This could make a great swing trade on pure technicals. If the brokerage industry sees a period of exuberance(like we've seen in the quantum space), bull could catch a bid. This could also occur if we see a rotation out of hood.

I would love to pick up some shares or calls if the name completes a look below and fail of the anchored volume profile's value area low(around $12.28). or a LBAF of the box bottom @ $10.20.

So far webull has been consolidating. I believe a hold above the VPOC (volume point of control @ $15.43), a breakout of the lower boxes and reclaim of the larger upper box around $18.33-$18.87, could see a push to the mid 20s and 30s at least.

If we are following box rules for that potential trade, then I would not be surprised if bull goes to the box midpoint @ $48.97.

If this thing holds above the VPOC around $15.43 or does a LBAF of either $12.28 or $10.20 it's ripe for picking imo.

Now this is pure speculation, and my analysis could be a shack of shit, who knows, BUT if these set ups present themselves, I would like to roll the dice.

~ The Villain

7일 전

액티브 트레이드

Webull's sitting right in the buy area as of today. May go lower with weakness across the market, but box is box.