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 ?
Various techniques have been proposed for fabricating and positioning the internal metal bases during denture processing to overcome the disadvantage of the metal base.
One drawback of metal base plates and even non-metallic base plates is the possibility of warping the base plate during installation onto the concrete foundation.
Other items scattered about the premises included a miniature cannon - complete with cannonball - half a mannequin, the metal base to an antique Singer treadle sewing machine, a telescope, a pair of in-line skates and two stuffed-toy monkeys.
The final form, erected to applause from a great crowd of local people, consists of the canopy held on a metal base supporting a musicians' deck.
Between the metal base and the thick polymer photoresist, they sandwiched a thin "sacrficial layer" of another polymer.
A video projector placed on a metal base thrusts Novarina's image into the mold, which, through the use of a sophisticated computer program designed by a CalArts student, is used to form gestures, show attitude and move the eyes and mouth.