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Definition of 'Basing'
A period in which a stock price has very little or no trend. The resulting price pattern is a flat line.
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Investopedia explains 'Basing'
Basing is a common occurrence after a stock or the market has been in a lengthy decline or has increased by a large amount. In other words, the market is taking a break. Some stocks can form a base that lasts for severals years before the trend is reversed.
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