Verified Investing on $BE (Nov 3, 2026)
BE has recovered back inside its parallel channel after two closes below it that held Friday's low, which the speaker calls a very good recovery. The $238.66 closing gap and $240 level will likely be near-term resistance, but he expects the bounce to eventually reach the $260 range.
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Next up is another winning stock for today, BE stock. Here the situation is very similar, but note that the BE stock has already returned to within its parallel channel. Note that the two previous trading days , October 30, closed below the channel.
The following day, November 2, we also closed below the channel, but we did not close below Friday's low. This allowed the price movement to return directly inside that channel.
This is exactly what I was trying to predict would happen in Nvidia's chart, and BE stock has already achieved it today. A very good recovery of the level. The next resistance zone for BE stock is here at the closing gap of $238.66.
That would also be a breakout above the $240 level. This range will likely represent resistance in the very near term, but I expect the bounce in BE stock to eventually lead us up towards the $260 range.
In any case, Nancy Pelosi, in my opinion and as far as I know, has call option contracts expiring in the summer of 2027 on BE stock.
What this channel has said about $BE
Verified Investing has 8 calls on this stock; only the adjacent ones are shown.