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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
I recently received this question from a colleague: "You have advised against following up with prospects by saying 'I'm just touching base.' I'm struggling to find a decent alternative.
OFFICE workers were urged today to stop using jargon after a list of the most ridiculous business phrases was compiled, ranging from "biting the reality sandwich" to "touching base offline".
OFFICE workers were urged yesterday to stop using jargon, after a list of the most ridiculous business phrases was compiled, ranging from "biting the reality sandwich" to "touching base offline".