Base


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Base

A technical analysis tool. A chart pattern depicting the period when the supply and demand of a certain stock are in relative equilibrium, resulting in a narrow trading range. The merging of the support level and resistance level.

Base

In technical analysis, a situation in which the support level and the resistance level are roughly the same for a given (usually long) period of time. That is, a base occurs when a security trades only in a very narrow range. A base indicates that the supply and demand for a security are at an equilibrium. This means that the security is unlikely to be bullish or bearish in the near future.
References in classic literature ?
Now they arrived at the base of a great knob or dome veneered with ice and powdered with snow--the utmost, summit, the last bit of solidity between them and the hollow vault of heaven.
The explosion soon followed; the upper rock was lifted from its base by the terrific force of the powder; the lower one flew into pieces; thousands of insects escaped from the aperture Dantes had previously formed, and a huge snake, like the guardian demon of the treasure, rolled himself along in darkening coils, and disappeared.
Nor would the Martians have embraced even such opportunities as might present themselves, for they could always find a circuitous route about the base of any eminence, and these roads they preferred and followed in preference to the shorter but more arduous ways.
It stood in a spacious, handsome promenade, overlooking the sea, and from its base a vast flight of stone steps led down to the harbor--two hundred of them, fifty feet long, and a wide landing at the bottom of every twenty.
It seemed that I had scarcely settled myself in a comfortable position before a party of cave men emerged from one of the smaller apertures in the cliff-face, about fifty feet from the base.
His other weapons he could not lightly discard, and so, in the hope that he might eventually recover them, he carried them to the edge of the wall and dropped them among the foliage at its base.
For a moment my gaze traversed the landscape beneath until it was caught and held by four figures near the base of the cliff--a human figure held at bay by three hyaenodons, those ferocious and blood-thirsty wild dogs of the Eocene.
Mercury soon appeared and said to him, "O thou most base fellow?
Shortly afterwards the Idol's worshippers held a great religious ceremony at the base of his pedestal, and as a part of the rites the Missionary was roasted whole.
Happily, Barbicane, not content with employing water, had furnished the movable disc with strong spring plugs, destined to lessen the shock against the base after the breaking of the horizontal partitions.
These rhombs have certain angles, and the three which form the pyramidal base of a single cell on one side of the comb, enter into the composition of the bases of three adjoining cells on the opposite side.
What signifies his being base born, when compared with such qualifications as these?