American Creek Resources Ltd. (ACKRF)

[douginil]

Sector expert John Newell targets potential breakout for American Creek Stock

August 2, 2020

Sector Expert: John Newell

John Newell is a portfolio manager at Fieldhouse Capital Management and president and CEO of Golden Sky Minerals Corp. He has 38 years of experience in the investment industry acting as an officer, director, portfolio manager and investment advisor with some of the largest investment firms in Canada including Scotia McLeod, CIBC Wood Gundy and Richardson Greenshields (RBC Capital Markets). Newell is a specialist in precious metal equities and related commodities, and follows a disciplined proprietary approach incorporating equity research, analytical frameworks and risk controls to evaluate and select long and short stocks primarily from the Canadian small and mid-cap coverage. Many large, midcap and junior precious metal companies use his technical charts. Newell is a registered portfolio manager in Canada (advising representative).

On Friday July 31, 2020 American Creek closed at 38.5 cents; an 11 year high for the company. John follows and analyses companies through technical charts and has noted that that American Creek is quickly approaching a significant juncture in its stock price.


In the two charts below, you will see he has noted a potential breakout in AMK pricing once it crosses 40 cents and has subsequently posted “short term dart throw” targets of 44 and 54 cents.


[[ Additional analysis ]]

This chart indicates that American Creek is currently trading at a discount to the other companies and offers the most leverage of the three.

View charts, read more and a comparison of Tudor, American Creek and Teuton at:
https://mailchi.mp/21e37c1c5fe1/new-breakout-target-for-amk?e=6f11d69fd1

Note: Copy the table and paste it into Excel, zoom to 275 and take a screen shot. Not sure I follow the math of the comparison.