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 ?
I've been touching base with tons of people in my life and sharing love while I still have all my memories intact.
The boys were schooled by their parents on the road and learned lifelong lessons touching base with fellow Mennonite church members on their stops, helping where needed.
It's the end of another year, a time for travel and touching base with family and friends.