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 ?
The code is written into the plastic base of the vials using a laser.
5cm) has a kick pedal, sturdy plastic base and a rubber band to hold bin bags in place.
When Sioux Chief Manufacturing wanted to develop a series of universal pipe clamps with noise absorbing blocks to reduce noise transfer caused by loose pipes, it chose a thermoplastic elastomer from this specialty compounder for a bridge insert that fits over a nylon plastic base.
5" deep and include a thin plastic base to stabilize the bags while packing.
Put a few large dollops of the sealant on the honeycomb portion of the plastic base and a few more on the old broken glass.
A plastic base is used to secure the bottom of the plate with clips retaining the top, thus allowing screws to be fastened in the threaded studs at the four corners.