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 thickness and materials of every pavement structure were chosen according to the reference pavement structure which was built from asphalt surface layer 0/11 S-V (AC 11 VS); asphalt binder course 0/16-A (AC 16 AS); asphalt base course 0/32-C (AC 32 PS); base course--crushed dolomite 0/56; frost blanket course--sand 0/11 (Fig.
Development of a Rational and Practical Mix Design System for Full Depth Reclamation (FDR): Full depth reclamation is an asphalt pavement recycling technique in which the asphalt layer and part of the unbound sub-layer are processed in place and then put down as a stabilized base course.
The base course price of US$ 2500 does not include lodging or board.
HOUSTON -- Kraton Polymers LLC (Kraton), a leading global producer of engineered polymers, is at the forefront of a pioneering new solution to improve long-term pavement performance using cost-effective SBS base course modification.

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