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 ?
Sprue, Runner, Riser and Filter Test Data Used to Examine Permanent Mold Gating Mold Pore Designation Description Volume [x10.sup.-3] [in.sup.2] M22 Straight horizontal runner and large sprue basin 4.50 M13 Enlarged: sprue well, horizontal runner and ingate with a tapered horizontal runner end 0.50 M31 Vertical filters near the sprue well placed in the horizontal runner 0.13 M41 Horizontal filter at the bottom ingate of the mold cavity 0.06 M51 Vertical riser and web gate between the vertical riser and the mold cavity 0.03 Mold Sprue Cross Section Ratio: Designation Choke Sprue Base: Runner: Area, [mm.sup.2] Ingate M22 129 1:2.4:4.9 M13 129 1:6.3:6.5 M31 78 1:4.6:10.7 M41 78 1:9.0:10.0 M51 78 1:2.5:5.0 (3-mm web thickness)
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.