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UROY breaks 3.60; BKR, TSLA and AMZN reclaim their levels
2026-10-19

UROY breaks 3.60; BKR, TSLA and AMZN reclaim their levels

Four wave setups crossed their published levels at Friday's close: UROY is still under 3.60, BKR is back above 55.00, TSLA and AMZN recovered, and two names priced for the first time sit below support.

Wave Setups Watch
Wave Setups Watch@dbojkov
Prices in this issue are the regular-session closes of Friday 16 October and Monday 19 October 2026: 4:00 p.m. ET in New York and Toronto, 4:30 p.m. in London.
Four setups crossed a published level at Friday's close, after the screen's price column had been taken: UROY, BKR, TSLA and AMZN. Monday held UROY below its support and BKR above its stop, and lifted TSLA and AMZN back above theirs. FRES and OGC had no price at the last issue, and both closed below support on Monday.
State at Monday's closeRows
Past invalidation7
Below support, stop intact12
At support (within 2%)5
Clear of support9
Short working5
Unscored6

UROY: a second close below 3.60

UROY closed Monday at 3.50, down 1.1%, with the 3.60 support 2.9% above the close 1. It finished at the session low, in a range of 3.50 to 3.61.
Friday's close was 3.54, also below the level, so Monday is the second consecutive close under support. The screen's 3.71 predates that close, and the last issue scored the setup as holding from it.
The stop at 2.80 sits 20.0% below Monday's close. Support has gone, and the level that voids the setup is a fifth of the price away. Resistance at 5.55 sits 58.6% above the close.

FRES and OGC: below support on their first measured close

Two rows the last issue left without a price now have closes on their home exchanges. Fresnillo finished in London at 2,684p, with the 2,816.90p support 5.0% above the close 2. Its 2,500p stop sits 6.9% below. OceanaGold finished in Toronto at C$37.58, with the C$38.23 support 1.7% above the close 3. Its C$35.25 stop sits 6.2% below.
The screen carries no price for either, so this is the first close recorded against these levels. The break has no date. Both setups sit below support with their stops intact.

BKR: back above 55.00, still under 55.90

BKR closed at 55.81, up 0.2%, with the 55.00 invalidation level 1.5% below the close 4. Friday's close of 55.70 was already above it, and the screen's 54.40 predates Friday.
The session dipped to 54.77, under 55.00, and closed back above the level. The close is what counts.
One level is back and one is still overhead. Support at 55.90 sits 0.2% above Monday's close, so a close above 55.90 would put BKR above both. Resistance at 61.70 sits 10.5% higher, and the 79.00 target 41.6% higher.

TSLA and AMZN: one close below, then back above

TSLA closed Friday at 354.72, below its 361.60 support. Monday it closed at 368.06, up 3.8%, with that support 1.8% below the close 5.
AMZN closed Friday at 250.00, below its 252.00 support. Monday it closed at 262.45, up 5.0%, with that support 4.0% below the close 6.
Both breaks lasted a single close. Support is the reference again: 361.60 for TSLA and 252.00 for AMZN. The next level above is resistance at 391.00 for TSLA, 6.2% above its close, and 270.00 for AMZN, 2.9% above its close.

What did not change state

Seven longs are still past invalidation. REMX is furthest, with its 64.04 stop 20.2% above the close; then HL (17.50, 16.3% above), WRN (2.01, 11.7%), MUX (17.70, 10.2%), UAL (104.50, 9.3%), GDXJ (117.40, 8.3%) and MP (42.00, 7.8%).
Beyond the four names above, eight longs closed below support with their stops intact: AG, SILJ, ARM, IMPUY, RIO, SBSW, SYM and AGI.
ARM fell 6.8% and MP 6.4%, the two largest declines on the list. ARM closed with its 224.90 stop 1.4% below, closer to invalidation than any other name.
Five shorts are working as intended. FLEX, BE, HROW, AMAT and LRCX closed below their support, with targets from 8.6% below the close (FLEX at 80.00) to 40.3% below it (BE at 135.00). BOOT closed at 119.33, with its 117.64 support 1.4% below and its 112.48 target 5.7% below.
EOG is the closest long to a target. It closed at 157.63, above its 147.25 resistance, with the 163.40 target 3.7% above the close.

Six rows without a usable price

Six rows have no price that can be matched to these levels: CIGO, CVX, PLE, HGE and the two E rows.
CIGO still returns no quote. The screen's 15.15 leaves the 15.25 stop 0.7% above the last price, and that is the last observation.
CVX carries levels from a different price era. The screen records 61.68; Chevron closed at 224.48, with a 52-week range of 146.49 to 225.67 7. The 80.00 target sits 64% below Monday's close. The row stays unscored until the screen is refreshed.
E carries a ticker problem. The screen files it under Vehicles at 12.31, with a ladder from 9.00 to 14.55. NYSE E is Eni, an integrated oil company, which closed at 58.81 8. Ford closed at 12.18 on Monday and 12.43 on Friday, which fits the price, the ladder and the industry 9. On Monday's close of 12.18, the short setup would be 0.2% past its 12.20 target, and the 11.15 support would sit 8.5% below the close. The two E rows stay unscored until the screen is checked.
PLE and HGE still carry no usable price.

The levels are three days old

The support, invalidation and target levels come from the 16 October screens and have not been refreshed since. Three days sits well inside the thirty-day mark at which a level counts as stale.
The CVX and E rows are the exception. Their levels carry the 16 October date, while their price column describes a different market.

What Tuesday's close decides

UROY needs a close above 3.60 to cancel the break; a close below 2.80 voids the setup.
BKR needs a close above 55.90 to get back above support; a close below 55.00 returns it to invalidation.
TSLA and AMZN are back above 361.60 and 252.00, and a close below either reopens the break.

References

  1. 1
    Uranium Royalty (UROY) quote, Yahoo Finance

    finance.yahoo.com

  2. 2
    Fresnillo (FRES.L) quote, Yahoo Finance

    finance.yahoo.com

  3. 3
    OceanaGold (OGC.TO) quote, Yahoo Finance

    finance.yahoo.com

  4. 4
    Baker Hughes (BKR) quote, Yahoo Finance

    finance.yahoo.com

  5. 5
    Tesla (TSLA) quote, Yahoo Finance

    finance.yahoo.com

  6. 6
    Amazon (AMZN) quote, Yahoo Finance

    finance.yahoo.com

  7. 7
    Chevron (CVX) quote, Yahoo Finance

    finance.yahoo.com

  8. 8
    Eni (E) quote, Yahoo Finance

    finance.yahoo.com

  9. 9
    Ford (F) quote, Yahoo Finance

    finance.yahoo.com

Wave Setups Watch
Wave Setups Watch@dbojkov

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Related content

  • UROY: a second close below 3.60
  • FRES and OGC: below support on their first measured close
  • BKR: back above 55.00, still under 55.90
  • TSLA and AMZN: one close below, then back above
  • What did not change state
  • Six rows without a usable price
  • The levels are three days old
  • What Tuesday's close decides