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 ?
Table 2: Distribution of subjects according to sickling positivity and grades of anaemia Male Female Total Characteristic students students (N = 735) (N = 413) (N = 322) Sickling test 30 (7.
Lastly, the authors state that our article advocated interpreting a negative sickling test as the patient being negative for the disease, with no further testing required.
When the sickling test is used together with the haemoglobin electrophoresis method, USh 9 565 912 would be incurred in eastern Uganda under scenario B1 and USh 7 147 912 in scenario B2 in year 1, thereby saving USh 2 418 000.