test

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Test

The event of a price movement that approaches a support level or a resistance level established earlier by the market. A test is passed if prices do not go below the support or resistance level, and the test is failed if prices go on to new lows or highs.

test

The attempt by a stock price or a stock market average to break through a support level or a resistance level. For example, a stock that has declined to $20 on several occasions without moving lower may be expected to test this support level once again. Failing to fall below $20 one more time would be considered a successful test of the support level and a bullish sign for the stock.
References in periodicals archive ?
The other tests conducted by the department involve the C-reactive protein (CRP) test, Anti-streptolysin O (ASO) and VDRL tests for screening syphilis.
Wright agglutination test (diagnostic test for Brucellosis), TPHA and VDRL tests were negative; the levels of vitamin B12, thyroid hormones and thyroid autoantibodies were within the normal range.
pallidum hemagglutination assay and VDRL tests, according to the selection criteria.