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 ?
In order to fill any holes in the central section as well as to make it even with the edges of the horn bases, 1 used some bondo (an automotive body filler).
Sawing of horn base was found to be easier in cases of horn cancer in comparison to horn fracture due to cancer related lytic changes occurring in bone.
From a distance rhino horn looks smooth and polished, but viewed close-up, individual fibres near the horn base can be detected.