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 ?
John has successfully developed over 50 enzyme immunoassay and rapid tests, including the first early pregnancy test.
Perrin developed the first Early Pregnancy test, which was the main source of antigen and antibodies used by other institutions in the utilization of this test around the world.
Cohen said that during 1999 the Company expects to introduce the world's first canine early pregnancy test and make a major effort to build market share in the veterinary instrumentation market, and that these factors "provide significant opportunity for upside surprises in 1999, particularly when applied to the very favorable dynamics in the animal health market.

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