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 ?
VZ acquisition is subject to one set of material base of humanitarian assistance for 150 people and two sets of family base material humanitarian aid to 100 people.
His critique accommodates the conservative's lament that "theory" abandons thematic concerns and humanistic values for nihilism and radical skepticism, but it also represents the left's concern with history and the material base.
Dramatic consumption growth over the last few years has stimulated enormous expansion plans, facilitated by a relatively unexploited iron ore raw material base.

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