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 ?
In the present study, the record base was made by using VLC resin which not only had a lower shrinkage distortion than self-cured resin, [sup][24] but also had a similar radiopacity and density to that of the alveolar ridge bone.
f) These new record bases were trimmed and checked in the patient mouth and admix material was placed over the retentive loops and the neutral zone was recorded.
h) The admix material was removed from the record bases and the indices rearranged.