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 ?
I sow all kinds of crops except the big trees etc," said Basai.
The Basai water treatment plant, which is the largest plant in the city, is being used to supply water to private property developers along the Dwarka Expressway.
Go brin y basai fawr o neb wedi clywed am y pentref hamddenol sy'n sefyll yn ddiog ar lan Afon Dwyfor oni bai i'r Dewin Cymreig dreulio ei lencyndod, a chyfnod tua diwedd ei oes, yn mwynhau bywyd ym mynwes y fro hon yn Eifionydd.
Both had met while studying medicine in a college in Belarus, Russia, and later started working in the same ESIC Hospital as senior residents in Delhi's Basai Dara Pur.
When they reached the Basai flyover, a Hyundai Verna sedan overtook their SUV and forced Singh to stop.
Basai unrhyw un a fu yno yn gallu tystio i'w awyrgylch tanbaid ac i'r ffaith bod y 7,000 a mwy oedd yno wedi mwynhau eu hunain i'r eithaf.