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 ?
Johnsonite offers the most comprehensive collection of finishing boarders in the industry and has been leading the industry in materials science since they started perfecting the traditional wall base more than 70 years ago.
The dining/kitchen is fitted with a modern range of wall base and drawer units, rolledge work surfaces, a range master cooker and a cottage-feel tiled floor.
The Johnsonite Safe-T-First system creates low location bright luminous pathways on floors, along the wall base and in stairwells.
Johnsonite[R] has added two new wall base collections to its product line.
The Corporation produces one of the most extensive vinyl flooring product lines in the industry, including residential and commercial sheet vinyl, vinyl floor tiles and wall base products.
The Arctic experience was a far cry from his training runs from his Byker Wall base and Quayside training locations, but after recovering quite quickly from his opening Iceland challenge he was raring to go in what was to prove a much more difficult contest.