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 ?
For the quantitative variables; age, mandibular base length and maxillary base length, mean and standard deviation were calculated.
Relationship between maxillary and mandibular base lengths and dental crowding in patients with complete Class II malocclusions.
Upper and lower incisor proclination with respect to maxillary and mandibular bases in males were 1075.