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 periodicals archive ?
Geometric influence of the sagittal and vertical apical base relationship on the ANB angle.
The radiographs were traced manually with an acetate paper attached on top and used to calculate the apical base lengths of the maxilla and mandible.
A comparison of two angular and two linear measurements used to establish sagittal apical base relation-ship.