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 ?
Incidents/Injuries: Bodum has received about 14 reports of the glass carafes breaking or shattering when the coffee press' plastic base separated from the metal frame.
The new material has a plastic base and is designed to prevent the deformation of stored images even when it is bent.
To help you keep it that way, an innovative rear seat folds forward to reveal a protective hardened plastic base to carry larger or messy items.
Sleekly made from steel plate and chromium steel, this bullet-shaped can has a corrosion-resistant exterior; a lid that forms an odor-proof seal and opens and closes silently at the barest touch, thanks to a uniquely designed hinge; an interior metal bucket that may be lifted out to empty it or can accommodate "SmartFix" bin liners which can be disposed of simply and neatly; an unobtrusive, yet rugged hand grip that allows you to move the bin easily, even when fully loaded; and a plastic base to prevent scratching the floor.
The cast plastic base on this lamp was made from thousands of chip resistors, inductors and capacitors and is a depiction of a flower," stated Colucci.
Daihatsu's Copen sports car has one thing in common with the new Mini Coopen a Front-end module built around a plastic base, and delivered to the line as a complete unit, ready For installation.