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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
During his illustrious career, he has commanded various air defence squadrons and an air base. He has also been appointed as Assistant Chief of the Air Staff (Air Defence).
Since then, the terrorist threat to the air bases has gone up.
Magong Air Base head Yu Tien-ming lead 100 participants through hot and sunny weather.
Previously, it was widely reported in the social media that the Kuala Lumpur Air Base in Sungai Besai had to be closed down as the government had sold off the land to Chinese investors.
Al Udeid Air Base -- Defense Visual Information Center
ISIL took control of the air base after the Iraqi army collapsed in 2014 as the Takfiri group occupied swathes of the country's territory
On whether Ankara had asked Berlin to extradite asylum seekers in exchange for granting lawmakers access to the air base, Merkel said she was not aware of any such a request.
military trainers were shot dead Friday by Jordanian security forces after their vehicle failed to stop at the entrance of Prince Faisal Air Base near the southern Jordanian city of al-Jafr, (http://www.aljazeera.com/news/2016/11/soldiers-killed-gunfire-jordan-air-base-army-161104130012777.html) Al Jazeera reported.
No Iranian air base has been handed over to Russia, the minister said, adding that the Russian jetfighters use Nojeh air base western Iran for fueling or arming in case of necessity.
General Abdulrahman bin Saleh Al-Bunyan arrived on Friday in the Turkish Incirlik Air Base to inspect the Saudi units participating in military exercises.
Salalah, Mar 29 (ONA) Air Vice Marshal Mattar bin Ali al-Obaidani, Commander of the Royal Air Force of Oman (RAFO) handed over at Salalah Air Base today excellence certificates to distinguished personnel at Thumrait and Salalah Air Bases in appreciation for their sincere efforts in various career tracks and activities.
ySTANBUL (CyHAN)- A five-member team from Pakistan arrived in India Sunday to probe the terror attack at the Pathankot air base in the northern state of Punjab in January.