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 ?
Bajwa said both Pakistan Army and ISI are responsible and honourable institutions, and levelling baseless allegations against them is not tolerable, but they are tantamount to weakening the country and they should end.
After Sheikh's claims against the diplomat were widely reported in the Bangladeshi media, the Pakistani mission issued a statement dismissing what it called utterly baseless media reports...
Moreover, the Council has also warned the journalists that if any one publishes such type of baseless and false stories about the Council, the stern action will be taken against him according to rules.
It said the allegation made in the report was indeed baseless and had also caused public confusion.
The FBR strongly refutes this baseless news and stated that there was no suggestion under consideration to levy tax on Motorcycle and Auto Riksha.
The AJK minister said that India have no evidence in favor of her above baseless allegations against Pakistan and despite this, New Delhi still continued to pursue its biased policies.
ISLAMABAD -- Information minister Fawad Chaudhry while refuting the media reports a about any change in weekly holiday schedule of the government has said all such reports running on media and social media are baseless.
I S L A M A B A D -- Information minister Fawad Chaudhry while refuting the media reports a about any change in weekly holiday schedule of the government has said all such reports running on media and social media are baseless. He said in his message on twitter said: No change in weekly holiday calendar is under consideration, all such rumours regarding change in this regard are baseless Rumours spread during the Saudi crown prince's visit to Pakistan that the government would be going back to this holiday schedule.
The Department of Health (DOH) on Thursday called on those with "negative intentions to stop propagating baseless allegations" against the department.
Duque: 'Baseless' attacks and statements erode trust in DOH, vaccines !-- -- Gaea Katreena Cabico (philstar.com) - January 31, 2019 - 11:27am Duque says 'baseless' statements damage DOH reputation, affect trust in vaccines
Opposition Leader in the National Assembly Shahbaz Sharif on Tuesday termed Prime Minister's allegation that opposition was seeking an NRO as totally baseless.
The Ministry of Foreign Affairs said "completely baseless" allegations had been circulating online, Saudi Press Agency reported.