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 ?
Two patients with a history of allergy to eggs had negative intradermal tests to propofol and were challenged uneventfully with progressive intravenous doses.
Three of 43 patients with multiple allergies had equivocal intradermal tests to histamine releasing NMBDs.
Results of skin prick tests and intradermal tests were negative.
Results of intradermal tests (1 mg/mL, then 10 mg/mL) were also negative.
Intradermal tests were performed with the same allergen extract in a 1:2,000 dilution and administered by 25-gauge syringes.
We recommend intradermal testing over skin-prick testing as there have been several cases (21) involving negative skin-prick results to blue dyes, when subsequent intradermal tests were positive.
The intradermal tests were negative for Xylocaine [R] 2% (lignocaine) at dilution 0.