Today we will analyze the stock AMERICAN CREEK RESOURCES LTD (T (AMK.V) for internet stock trading in the V stock market,
Stock Technical indicators to notice in AMERICAN CREEK RESOURCES LTD (T (AMK.V)
1- Last bullish trend was from 0.06 $ (5/3/2012) to 0.07 $ (5/4/2012) a 0.01 $ move 2- The current bearish trend started from 0.07 $ at 5/4/2012 and is currently trading at 0.06 $.
3- AMK.V current support level is at 0.06 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
4- AMK.V current resistance level is at 0.06 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
AMERICAN CREEK RESOURCES LTD (T (AMK.V) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 0.070 .
7- The Stock formed a 0.020 $ height triangle which was broken down at 0.060, target of the pattern is 0.040.
AMERICAN CREEK RESOURCES LTD (T (AMK.V) Mid term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 0.070 .
9- The Stock formed a 0.020 $ height triangle which was broken down at 0.060, target of the pattern is 0.040.
AMERICAN CREEK RESOURCES LTD (T (AMK.V) Long term stock chart patterns for internet stock trading :

10- The Stock formed Double Top Pattern at 0.070 .
11- The Stock formed a 0.020 $ height triangle which was broken down at 0.060, target of the pattern is 0.040.

Stock Trading Conclusion:
AMERICAN CREEK RESOURCES LTD (T (AMK.V) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 0.062, 0.063, 0.064, 0.065, 0.066, 0.068, 0.070,.
Stock Support levels : 0.057, 0.054, 0.040,.