RE:RE:AM Resources - Tomagold shareholder financed? Tomagold Corp (TOGOF) shares are showing bullish signs as the Chaikin Money Flow or CFI is above the zero line. A positive Chaikin Money Flow indicates that the stock is strong while a negative CMF indicates that the stock is weak. The CMF indicator passing through the zero line (rising above or falling below) may indicate a shift in the overall trend for the equity. The indicator, created by Marc Chaikin, is based on the theory that the strength of the market can be determined by looking at where the price closes compared to its daily range and volume. If the market is strong you will see if closing in the upper half with a high volume. A weak market can be seen if it closes in the lower half of the range on high volume.
Investors and traders may also want to monitor additional technical levels of shares of Tomagold Corp (TOGOF). A frequently used tool among technical stock analysts is the moving average. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. Moving averages can be very helpful for identifying peaks and troughs. They may also be used to assist the trader figure out proper support and resistance levels for the stock. Currently, the 200-day MA is sitting at 0.07, and the 50-day is 0.05.