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 area of the runner bar must be 2-4 times the area of the sprue base, and the total area of the ingates must be at least equal to or up to twice the area of the runner.
In the part's gating system, the filter is located vertically between the sprue base and the runner.
The trend now is to inoculate by placing pellets or granulated inoculant in the pouring cup, in the sprue, in an enlarged chamber in the sprue base or by a cored wire containing an inoculant that is fed continuously into the sprue during pouring.