Base


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Related to Base: Base camp, second base

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 classic literature ?
she cried, and ran eagerly toward the base of the cliff.
With her means of protection gone, Lys was now at the mercy of the hatchet-man; nor was it many hours before he had caught her at the base of the cliff and seized her; but as he bore her triumphantly aloft toward his cave, she had managed to break loose and escape him.
Under the centripetal force, the base of the projectile tended toward the moon; but the centrifugal still prevailed; and it was probable that its rectilineal course would be changed to a curve of some sort, the nature of which they could not at present determine.
Nor would the Martians have embraced even such opportunities as might present themselves, for they could always find a circuitous route about the base of any eminence, and these roads they preferred and followed in preference to the shorter but more arduous ways.
At length we stood against the giant tree that we had chosen for our ascent, and then, as charge after charge hurled its weight upon us, we gave back again and again, until we had been forced half-way around the huge base of the colossal trunk.
Here is shelter for one at least, John Carter," he said, and, glancing down, I saw an opening in the base of the tree about three feet in diameter.
Though I carefully scanned the cliff as I traversed its base, I saw no sign of any other entrance than that to which my guides had led me.
I was just about to clamber along the jagged rocks which lie at the base of the cliff next to the sea, in search of some foothold to the top, when I chanced to see a canoe rounding the end of the island.
But when I turned to the accomplishment of the task I found it easier than I had imagined it would be, since I immediately discovered that shallow hand and foot-holds had been scooped in the cliff's rocky face, forming a crude ladder from the base to the summit.
Not only the grand features in the structure of barrier-reefs and of atolls, and to their likeness to each other in form, size, and other characters, are explained on the theory of subsidence -- which theory we are independently forced to admit in the very areas in question, from the necessity of finding bases for the corals within the requisite depth -- but many details in structure and exceptional cases can thus also be simply explained.
Quite frankly," Souder said, "part of the reason it went political is because we can't sell it unless we show Republicans a political advantage to it, because it's not our base.
Early hostility to Defense Secretary Donald Rumsfeld's recommendations to close or shrink 837 military installations appears to be melting quickly, with the federal Base Realignment and Closure Commission moving this week to save key bases in South Dakota, New Mexico and throughout the Northeast.