I am going through Mark Minervini's books. He keeps talking about "Bases" & "Emerging from a Base" & Base 1, Base 2 etc but he hasn't clearly explained anywhere what exactly is a "Base". Is there a proper definition/description of what exactly is a base?
I have not read it, but base generally means a period of rest, perhaps with some kind of trending move before the rest. You can call it sideways / range / pullback / consolidation etc ..