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 ?
The genetic effects were significant (P[less than or equal to]0.05) for the characters palm heart total mass (PT), mass of palm heart base (PB), first-rate palm heart/ stalks (FP), diameter of the first-rate palm heart (D) and number of palm hearts per plant (NP) (Table 1).
In the presented case, the thoracic radiography showed the presence of foreign body which localized between heart base and diaphragm.
(b) Right parasternal short axis view at the level of the heart base. Note the ventricular septal defect (star), atrial septal defect (asterisk), and lack of an obvious right ventricular outflow tract.