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 largest privately-owned multi-disciplinary environmental consultancy, RSK Group, will open its first office in Wales next week RSK Group had worked from a temporary base in Newport since 2007 as part of its role in supporting the development of Severn Power's combined cycle gas turbine power station.
According to Pacnews, the region's news agency, Thaksin met with a number of government officials and investment authorities in Fiji to discuss his plans to relocate from his current temporary base in Dubai.
From his temporary base in Newmarket, de Kock has coaxed Eagle Mountain back to form.
Ryanair announces cuts at London Stansted, temporary base closures.
Adminstrative staff at the office, which also handles business for the company's six Fresh and Wild stores, have been transferred to a temporary base in another part of town.
In September, after two months of exploratory work, CPT established a temporary base in northern Iraq.
Mr Wright was given the agonising decision of postponing the ceremony after months of preparation, or having the memorial placed on a temporary base and taken down immediately afterwards.
He said: "We are moving quickly to identify a temporary base from which we can get back into production of our frozen and chilled products as soon as possible.
Army to ship Jack Daniels-flavored coffee to a combat post in Iraq, Bob Meskin, national sales manager for First Colony Coffee & Tea, sent 200 2-ounce brick packages to a temporary base on the presidential grounds near Baghdad International Airport.
3 million budget for the works of FTAA's temporary base, said Panamanian Commerce and Industry Minister Joaquin Jacome.
A new temporary base facility will house ticket sales, sports school, first aid, lockers and restrooms.
The "clusters" have a temporary base local to their homes with basic equipment to support critical functions.

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