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 ?
However, it cannot be detected behind the right and left atrium, because in this region the parietal and visceral pleura are bonded more tightly to the heart base (BOON, 2011).
In our study, thoracic radiography showed presence of foreign body which localized between heart base and diaphragm.
The pink heart base is a massive bath ballistic, scented with ylang ylang and lavender oil.