BE's bullish consolidation supports a breakout; securing the 50% channel level leads to an expected move to $400.

Another stock on potential breakout watch is BE. Now, a nice robust 10.8% gain on the chart of BE, but notice it gave up all of its gains above $300, closing down here at $29,125. But notice this beautiful bullish consolidation that all started back here on September 8th, building momentum for eventually breaking out above this 50% area of the parallel channel. Look, we tried to do it on September 8th, tried to do it on September 7th, tried again here on the 25th as well as today. We keep hitting this. It's weakening this level, allowing for the next time to increase probabilities for a breakout with the near-term resistance coming on this inclining trend line right around $314.94. But I anticipate if BE can accomplish securing the 50% of this parallel, I anticipate BE to eventually push up here to $400 at the top of that uh parallel channel.