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 periodicals archive ?
Lines of force are the imaginary lines (directions) that the bows limbs and string travel on.
For instance, where the Italian engineer Nervi makes an ordered art from showing the isostatic lines of force in his concrete ceiling, Gaudi takes the same forces and makes them dynamic -- like the straining muscles of an athlete -- pushing against each other.
It also appears to have a remarkably well ordered structure that resembles the bar magnet pattern--exemplified by magnetic lines of force looping from the north pole to the south pole--exhibited by Earth and the sun.