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 ?
During an Air Force environmental scoping meeting in June, more than 120 Antelope Valley residents turned out in support of basing Global Hawk at Edwards.
If you look at the bases where they are considering basing these new units, a whole lot of them are competitive,'' said Larry Grooms, executive director of the Greater Antelope Valley Economic Alliance.
By basing the Winterm 3350SE on industry-standard technology, Wyse has enabled organizations to implement standard management packages based on DHCP and SNMP such as Computer Associates' Unicenter TNG, IBM Tivoli, Hewlett-Packard OpenView and Compaq Insight Manager.