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 ?
Through the statistical analysis, the report depicts the global and Chinese total market of Metal Base Printed Circuit Board (MPCB) industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export.
One drawback of metal base plates and even non-metallic base plates is the possibility of warping the base plate during installation onto the concrete foundation.
Tables field square, folding, with metal base, in the amount of 200 pieces.
A child can lift the tent and become entrapped at the neck between the rigid playard frame and the metal base rod of the tent, posing a strangulation hazard.
A video projector placed on a metal base thrusts Novarina's image into the mold, which, through the use of a sophisticated computer program designed by a CalArts student, is used to form gestures, show attitude and move the eyes and mouth.
That collection also offers contemporary brushed aluminum frames that spin and hang from a metal base.
The AXIS 216FD-V has a metal base and a durable, transparent cover to prevent damage.