Base

(redirected from touched base)
Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms, Encyclopedia.
Related to touched base: let off, run by, stick with, fall out with

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 ?
Donna Burton SPORT: Newcastle United have again touched base with Lyon over a possible move for Clement Grenier.
"Maurice touched base here a lot and all the family will come back to the family home.
Peter Pannu said he had 'touched base' with McLeish's advisors and matters were in hand.