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 ?
Living out in the sticks near a small town, I discovered the perfect spot to get back my lost skills: an empty hockey rink with mini street course on a cement base.
In earthquake country, a cement base will keep stones from shaking out of place during a temblor.
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