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 ?
The influence of the narrow base width was investigated, but the simulation results showed clearly that the width of the narrow base has no practical influence on the forward break-over voltage [U.
In addition, Fitch has long flagged the narrow base of the economy as a key source of vulnerability and this has been exposed with the recurrent suspensions of operations at the Valero refinery.
Funding for HIV prevention research also remains highly concentrated among relatively few funders, and the Working Group warns that this narrow base of funding will threaten the sustainable research effort required at this critical time and highlights the need for broadening that base, importantly including emerging economies.
Odey believes that the bull market will grow from its narrow base to extend into other industries.
When we have lost, we have retreated to a narrow base.
02, respectively on a narrow base, essentially lodging sales at hotel and motel facilities in the county, except for those in Miami Beach, Bal Harbour and Surfside.
There is a broader consensus that the country's tax system under performed as it had a narrow base, with taxes being levied on a limited number of sectors, businesses and individuals," the report said.
The challenge is that of a very narrow base for tax collection," the Daily Times quoted an economist as saying.
Tenders are invited for Erection of 40 m Narrow Base Steel GBT at WCL Rayyatwari Chandrapur.
The RLA also opposes the tax because it is highly volatile, dependent upon market conditions, and taxes a very narrow base.

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