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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 ?
Equidistance rule is the method of drawing a median line that is equidistant at all points from both shorelines.
Article 2(1), in which the median line serves as the demarcation line is still adopted where there is no agreement between Japan and a foreign country.
In estimates from the East Timor government's Timor Sea Office, a median line would mean that total revenue for East Timor would increase from an estimated $4 billion to $12 billion.
Two of the seven gas fields are near China's median line with Japan, according to the report.
In response to South Korea's assertion, Komatsu said Japan stuck to its previous position to draw a median line between Takeshima and Ullung Island, located west of the disputed islets.
An irregular transverse, opalescent-white band crosses the carapace anterior to the ocularium, two thin fingers of which project anteriorly to either side of the anterior emargination separated by a dark brown median line and bordered laterally by two dark brown islands.
Endeavour's interest is located on the UK side of the median line and will be subject to UK taxes.
The field straddles the median line between the British and Norwegian sectors of the North Sea.
The four oilfields lie on the median line with Iranian waters.
Russia, Azerbaijan and Kazakhstan in 2003 had signed a trilateral accord on sub-surface boundaries and collective administration of the sea's waters dividing the northern 64% of the Caspian into three un-equal parts using a median line principle, giving Kazakhstan 27%, Russia 19% and Azerbaijan 18%.
Eventually they accepted the Median Line in order to create a precedent for the Red Sea.
The field lies in a water depth of 492ft (150m) in the central North Sea, approximately 100 miles away from the Scottish coastline and 37 miles away from the UK / Norway median line.