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 ?
"If you read novels by men at that time, it showed the agonies they had getting to first base and the months they waited.
Captain Dye, after several months of not getting to first base at any studio, finally made contact with director Oliver Stone.
When we are fumbling behind the bike sheds, it is always the boys who boast about getting to first base and the girls who deny that a human hand ever went inside their bra.