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 ?
There is a broader consensus that the country's tax system under performed as it had a narrow base, with taxes being levied on a limited number of sectors, businesses and individuals," the report said.
Odey believes that the bull market will grow from its narrow base to extend into other industries.
Finally, I commented that people see MPs as being drawn from an increasingly narrow base of "professional politicians or representatives" rather than better representing the population at large.
The narrow base style is designed for stand-alone fixture plate mounting while providing highdensity capability.
Majority carriers (electrons for pnpn structure and holes for npnp structures) form an additional current and it is possible to characterize the movement of the majority carriers (electrons for pnpn structures and holes for npnp structures) that are injected by the junction J3 into the narrow base in the same way.
for relying on the same narrow base that marked Watt's earlier study.
Few architects have enlarged their practice so rapidly from a narrow base.

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