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 ?
Alexander, Our Game: An American can Baseball History (New York, 1991); Warren Goldstein, Playing for Keeps: A History of Early Baseball (Ithaca, NY, 1989); Allen Guttmann, From Ritual to Record: The Nature of Modern Sports (New York, 1978); Riess, Touching Base, Harold Seymour, Baseball: the Early Years, vol.
I was touching base and just suggesting that we're happy with Steve and we would like to see him and the team do well at the World Cup.