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 ?
* In order to fill any holes in the central section as well as to make it even with the edges of the horn bases, 1 used some bondo (an automotive body filler).
From a distance rhino horn looks smooth and polished, but viewed close-up, individual fibres near the horn base can be detected.
The swivel construction of this new series features a drop forged steel top plate and horn base, legs made of 1/4" plate steel robotically welded both inside and outside to the horn base, and 3/4" diameter integrally forged steel kingpin that carries Hamilton's lifetime guarantee against failure.