MELI falls 7.8% through 1,759 support; EOG fills 163.40, thirteen setups past invalidation
Monday's close broke MercadoLibre's 1,759 support and pushed Copa Holdings under 131.00, while EOG closed above its 163.40 target and Impala Platinum and Baker Hughes recovered the levels they had lost on Friday.
Prices are the regular-session closes of Monday 26 October 2026: 4:00 p.m. in New York and Toronto, and the 4:35 p.m. London close for Fresnillo.
The levels come from a screen captured on 16 October, which carries the 44 setups on this watchlist, each with a support, an invalidation, a resistance and a target. A close under a long setup's invalidation fails that setup, a close back over it restores the setup, and a close at or above its target completes the move the setup was published for.
The resistance marks where the advance stalled on the screen; a close over it says the advance has resumed and changes no setup's state. Seven rows are shorts, and each level runs the other way on those: price under the support means the trade is working, a close back over that support stalls it, and a close through the target fills it.
Five rows changed state at this close. Two longs closed under support, one long closed above its target, and two rows recovered levels they had closed under on Friday.
| State | 23 October | 26 October | Change |
|---|---|---|---|
| Past invalidation | 14 | 13 | −1 |
| Below support, invalidation intact | 9 | 11 | +2 |
| At support (within 2% above it) | 2 | 2 | 0 |
| Clear of support | 7 | 5 | −2 |
| Long at or above target | 0 | 1 | +1 |
| Short working | 5 | 5 | 0 |
| Short past target | 2 | 2 | 0 |
| No usable price or levels | 5 | 5 | 0 |
| Total | 44 | 44 |
Thirteen rows sit past invalidation, one fewer than Friday. Eleven sit below support with their invalidation intact, two more than Friday, and the closest of those to failing is Symbotic, 0.80% above its 37.60 invalidation.
Two rows are inside the 2% band above support, Baker Hughes and OR Royalties. Five are clear of it, five shorts are working, and EOG is the first long on this list to close at or above its target; Flex and Ford remain past theirs.
| Setup | Close | Day | Level crossed | Level vs close | Next above | Next below |
|---|---|---|---|---|---|---|
| MercadoLibre, long | 1,668.72 | −7.81% | 1,759.00 support | +5.41% | 1,969.00 resistance, +18.00% | 1,600.00 invalidation, −4.12% |
| Copa Holdings, long | 130.02 | −1.04% | 131.00 support | +0.75% | 145.25 resistance, +11.71% | 124.80 invalidation, −4.02% |
| EOG Resources, long | 163.70 | +0.41% | 163.40 target, crossed upward | −0.18% | none published | 163.40 target, −0.18% |
| Impala Platinum, long | 10.47 | +1.65% | 10.45 invalidation, crossed upward | −0.19% | 11.89 support, +13.56% | 10.45 invalidation, −0.19% |
| Baker Hughes, long | 56.01 | +0.27% | 55.90 support, crossed upward | −0.20% | 61.70 resistance, +10.16% | 55.90 support, −0.20% |
Level distances are the level as a percentage of Monday's close: a plus sign puts the level over the close and a minus sign under it. Rows run in order of severity, the two new support breaks first with the deeper one leading, then the target that was filled, then the two rows that recovered a level. Where a row reads none published, the screen carries no further level beyond the one crossed on that side.
MELI loses its 1,759 support on a 7.81% fall
MercadoLibre closed at 1,668.72, down 7.81%, which leaves it 5.13% under the 1,759.00 support 1. The shares opened at 1,582.50, already 10.03% below the support, and traded between 1,570.76 and 1,671.48.
Friday's close of 1,810.15 was 2.91% above the same level. Today the break was made at the open and confirmed at the close, since every print of the session sat under 1,759.00. The close came 6.23% off the low and still 5.13% under the level.
The 1,600.00 invalidation is the next level down, 4.12% under the close. Support at 1,759.00 now sits 5.41% above, with resistance at 1,969.00 another 18.00% higher.
Copa Holdings closes under 131.00
Copa Holdings closed at 130.02, down 1.04%, 0.75% under its 131.00 support 2. It traded down to 127.03 and closed back near the level; this is the row's first close under 131.00. Its quote page was still showing an intraday 130.38 stamped 3:11 p.m. when this was checked, and both readings sit under the level.
Friday's close of 131.38 was 0.29% above support, inside the 2% band, and the band ends at 133.62. The 124.80 invalidation sits 4.02% under the close, and resistance at 145.25 sits 11.71% above it.
EOG fills the 163.40 target
EOG closed at 163.70, up 0.41%, 0.18% above its 163.40 target 3. It traded as high as 164.64 before settling just over the level.
Friday's close of 163.03 stopped 0.23% under the same target, and one more session closed the gap. The screen publishes nothing above 163.40; the next level down is the 147.25 resistance, 10.05% under the close.
This is the first long on the list to close at or above its target, and it takes the row out of the clear-of-support group into a bucket of its own.
Impala Platinum recovers 10.45
Impala Platinum closed at 10.47, up 1.65%, 0.19% above the 10.45 invalidation it closed under on Friday 4. Its session low of 10.30 matched Friday's close exactly, and the close came 1.65% above that low. The quote page stamps that 10.47 at 3:50 p.m. as an OTC Markets delayed quote, ten minutes before the close.
The recovery clears the invalidation by a fifth of a percent. The row stays 11.94% under its 11.89 support, and the screen publishes nothing below 10.45.
Baker Hughes closes back over 55.90
Baker Hughes closed at 56.01, up 0.27%, 0.20% above the 55.90 support it closed under on Friday 5. Friday's 55.86 was four cents short of the level and today's close is 11 cents over it, which puts the row back inside the 2% band above support.
The session low of 55.16 left the 55.00 invalidation untouched. That invalidation now sits 1.80% under the close, resistance at 61.70 sits 10.16% above it, and the 79.00 target 41.04% above.
Range Resources' 17.68% session
Range Resources closed at 53.57, up 17.68%, the largest gain on the list today, and it crossed no published level 6. The screen's 43.25 resistance sits 19.27% under the close, so the row's nearest level is now above it: the 57.40 target, 7.15% away.
The session ran from a 50.00 low to a 53.65 high, and the close landed eight cents under that high.
The commodity rows rose, fifteen of twenty
Fifteen of the 20 commodity rows carrying a price closed higher, and the median move across them was +0.63%, after 19 of the 20 fell on Friday for a −1.70% median.
Fresnillo led them, up 2.12% to 2,358p, still 5.68% under the 2,500p invalidation it lost last week 7. MP Materials was the worst of the 20, down 2.22% to 37.45 and 10.83% under its 42.00 invalidation 8.
The rest of the list
Thirteen rows were past invalidation before today and still are: MP, GDXJ, MUX, HL, SILJ, Fresnillo, RIO, WRN, REMX, UAL, ARM, OceanaGold and AG.
ARM is the closest of them to recovering. It closed at 223.35, up 6.19%, 0.69% under its 224.90 invalidation, after trading up to 225.67 9. That high cleared the level and the close stayed under it, so the setup stays failed. OceanaGold is 1.36% under its 35.25 and First Majestic 1.03% under 15.00, the next two nearest to recovering 1011.
Eleven rows are below support with the invalidation intact: AU, TFPM, SBSW, UROY, AGI, DBA, AMZN, SYM, MELI, CPA and Impala Platinum. Symbotic is the closest of them to failing, at 37.90 after a 3.51% fall, 0.80% above its 37.60 invalidation 12.
Amazon closed at 249.09, up 0.44% and 1.26% above its 246.00 invalidation 13. The agriculture fund DBA ended the session 0.9% lower and sits 1.4% under the 28.00 support it has closed below since Thursday 14.
Five rows are clear of support: CGAU, TSLA, BAH, RRC and FIVN. Tesla closed at 391.62, up 5.21%, 0.16% over its 391.00 resistance, with the 361.60 support 7.67% below 15. Booz Allen rose 6.44% to 83.36, which puts it 4.07% over its 80.10 resistance 16.
Five shorts are working: BE, HROW, AMAT, LRCX and BOOT. Boot Barn closed at 114.22, down 0.83% and 2.91% under its 117.64 support, with the 112.48 target 1.52% under the close 17. Bloom Energy rose 5.46% to 203.85, the largest gain among the shorts, and its 135.00 target sits 33.77% below the close 18.
Flex and Ford sit past their targets: Flex at 76.99 against an 80.00 target 19, Ford at 11.58 for a fifth close under 12.20 20.
United Airlines rose 2.82% to 100.69 and remains 3.65% under the 104.50 invalidation it has closed below every session since this list began 21.
OR Royalties closed at 33.39, up 1.64%, 1.80% above its 32.80 support, the second of the two rows in the band 22.
Five rows without a usable price or level
Five rows carry no usable price or level: CIGO, PLE, HGE, the Chevron row and the long setup on the E row.
CIGO and PLE return no quote from the price feed, and HGE returns a zero-filled record, which is missing data rather than a price of zero.
Chevron closed at 232.00 against levels running from 43.65 to 80.00, while the screen's own price column reads 61.68 for that row 23. The row stays unscored.
The E ticker fills two of the screen's rows, one long and one short, and the short is scored on Ford. The long setup is the fifth unscored row: its levels run from 9.00 to 54.60, which match no live Ford price. NYSE ticker E is Eni, at 60.57 after a 2.43% fall, which matches neither row's levels 24.
The levels are ten days old
Ten days separate the 16 October screen from this close, and no level on the list has been refreshed since. A level turns stale here once its screen is thirty days old, which lands on 15 November.
What Tuesday's close decides
Impala Platinum's 10.45 sits 0.19% under the close, the nearest level on the list. A close back under it returns the row to the failed group it left today.
BKR's 55.90 is 0.20% under the close, and a close under it puts the setup beneath support again.
ARM needs 224.90, 0.69% above the close, to recover the invalidation it lost on Thursday. Symbotic needs to hold 37.60, 0.80% under its close, to stay live.
Amazon's 246.00 is 1.26% under its close. DBA needs 28.00, 1.4% above the close, to reclaim the support it has been under since Thursday. OR's 32.80 is 1.80% under its close.
Undoing today's two breaks takes 0.75% for Copa Holdings to close back over 131.00 and 5.41% for MercadoLibre to reclaim 1,759.00. EOG's target is filled at the close; a close back under 163.40 would put the setup back among the clears.
References
- 1MercadoLibre (MELI) quote, Yahoo Finance
finance.yahoo.com
- 2Copa Holdings (CPA) quote, Yahoo Finance
finance.yahoo.com
- 3EOG Resources (EOG) quote, Yahoo Finance
finance.yahoo.com
- 4Impala Platinum (IMPUY) quote, Yahoo Finance
finance.yahoo.com
- 5Baker Hughes (BKR) quote, Yahoo Finance
finance.yahoo.com
- 6Range Resources (RRC) quote, Yahoo Finance
finance.yahoo.com
- 7Fresnillo (FRES.L) quote, Yahoo Finance
finance.yahoo.com
- 8MP Materials (MP) quote, Yahoo Finance
finance.yahoo.com
- 9Arm Holdings (ARM) quote, Yahoo Finance
finance.yahoo.com
- 10OceanaGold (OGC.TO) quote, Yahoo Finance
finance.yahoo.com
- 11First Majestic Silver (AG) quote, Yahoo Finance
finance.yahoo.com
- 12Symbotic (SYM) quote, Yahoo Finance
finance.yahoo.com
- 13Amazon (AMZN) quote, Yahoo Finance
finance.yahoo.com
- 14Invesco DB Agriculture Fund (DBA) quote, Yahoo Finance
finance.yahoo.com
- 15Tesla (TSLA) quote, Yahoo Finance
finance.yahoo.com
- 16Booz Allen Hamilton (BAH) quote, Yahoo Finance
finance.yahoo.com
- 17Boot Barn (BOOT) quote, Yahoo Finance
finance.yahoo.com
- 18Bloom Energy (BE) quote, Yahoo Finance
finance.yahoo.com
- 19Flex (FLEX) quote, Yahoo Finance
finance.yahoo.com
- 20Ford (F) quote, Yahoo Finance
finance.yahoo.com
- 21United Airlines (UAL) quote, Yahoo Finance
finance.yahoo.com
- 22OR Royalties (OR) quote, Yahoo Finance
finance.yahoo.com
- 23Chevron (CVX) quote, Yahoo Finance
finance.yahoo.com
- 24Eni (E) quote, Yahoo Finance
finance.yahoo.com
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