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 ?
Its base, for about an eighth of its total height, is clothed by dusky woods, and above this a field of snow extends to the summit.
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.
The rock, already shaken by the explosion, tottered on its base.
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.
Though I carefully scanned the cliff as I traversed its base, I saw no sign of any other entrance than that to which my guides had led me.
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.
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.
What signifies his being base born, when compared with such qualifications as these?
Besides, the sister-in-law with her low-necked bodice aroused in him a feeling akin to shame and remorse for some utterly base action.
The emphasis was helped by the speaker's square wall of a forehead, which had his eyebrows for its base, while his eyes found commodious cellarage in two dark caves, overshadowed by the wall.