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 ?
Based on previous findings, it is expected that liniment to have a faster onset and ends the action, while the drug absorption from the ointment base to be gradual and the duration of action to be longer.
The test ointments, the reference drug (Madecassol ([R])) and ointment base were topically applied on the dorsal wounds in each group of animals once daily throughout 9 days.
Depending on the type of ointment base used, it has a varying capacity to contain water, usually as an emulsion.
The ointment base consists of glycol stearate, 1,2-propylene glycol, and liquid paraffin (3:6:1).
The product ranges HORN Essentials will represent for Vertellus include Crystal(r) brand castor oils, Castorwax(r) hydrogenated castor oil, Naturechem(r) esters, Sulfidal(r) colloidal sulphur, Casid(r) brand 12-HSA and Castorlatum(r) ointment base.