line

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Line

1. In technical analysis, a situation in which the supply and demand for a security are largely the same. A line means that the security is unlikely to see any rapid fluctuation in price. It is called a line because, when plotted on a graph, it looks like a roughly horizontal line. Technical analysts look for signals that a line is ready to break one way or another before recommending that investors take a position on a security.

2. Informal; workers in a large, industrial company. They are called the line because, historically, they assembled the parts of a product while literally standing next to each other in a long line, also called an assembly line.

line

In technical analysis, a horizontal pattern on a price chart indicating a period during which supply and demand for a security are relatively equal. Technical analysts generally look for the price to break away from the line, at which time they are likely to take a position in the direction of the movement. See also making a line.
References in classic literature ?
He was a tall man, over six feet high, and broad in proportion, and he had a bluff, rough-and-ready face, all roughened and reddened and lined in his long travels.
Long before they reached the gates the way was lined with people, and the air filled with shouts of welcome, with which were mingled the songs of the Talking Bird, sitting in its cage on the lap of the princess, and of the birds who followed it.
At length the duke came out to take her down, and as they entered a spacious court two fair damsels came forward and threw over Don Quixote's shoulders a large mantle of the finest scarlet cloth, and at the same instant all the galleries of the court were lined with the men-servants and women-servants of the household, crying, "Welcome, flower and cream of knight-errantry
Marry, it has been dusted enough already," replied Robin; "and I now believe the Scripture saying that all men are but dust, for it has sifted me through and through and lined my gullet an inch deep.