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 allegations could also be an attempt to give credence to otherwise baseless allegations that have been propagated by some governments and separatist elements with the support of some international media organisations, the army official added.
Baseless it is, for the Bachchans and the Khans aren't exactly on rosy terms.
Engineer Hussein Ahmed Al Harethi, director of the section, said that the SMS messages being circulated by some people, particularly the youth, are baseless, adding that Abu Dhabi police exercise transparency and announces any new traffic rules.
Pakistan rejects these baseless and irresponsible allegations and the attitude and proclivity behind them," foreign office spokesman Muhammad Sadiq told a weekly briefing.
The Policia Judiciaria regrets the baseless intervention of the spokesman above all at a moment when significant moves were being made in the investigation," the statement said.
The Policia Judiciaria regrets the baseless intervention of the spokesman, above all at a moment when significant moves were being made in the investigation," the statement said.
In Pennsylvania, the state Supreme Court quietly enacted common-sense changes that may help curb baseless litigation and may serve as a model for other states facing a similar crisis.
John DiIulio agrees that his criticisms were groundless and baseless due to poorly chosen words and examples," the statement said.
What is most puzzling, however, is that, when public approval of our president and his policies is at the all-time high 90 percent level, it often seems that half of the letters printed pour out nothing but baseless vitriol.
APL's assertions were so baseless that APL could not and did not provide any evidence whatever of infringement.
LAHORE -- Punjab Chief Minister Mohammad Shehbaz Sharif Thursday said performance of the person doing the politics of baseless allegations and falsehood was evident before the nation.
The news is baseless and misleading," said, Pakistan's Ministry of Defence, in a statement.