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 ?
By identifying this high-risk blood, the surrogate test could have prevented some cases of transfusion AIDS.
With more than 150 test flights completed, all systems operating in F-35 aircraft, other surrogate test aircraft and laboratories, and 35 aircraft in assembly, the program is demonstrating steady progress toward meeting its commitments to the U.
In 1983, Stanford Blood Center was the first blood center to screen for AIDS-contaminated blood, using a surrogate test (T lymphocyte phenotyping) two years before the AIDS virus antibody test was developed.
9999 per cent effectiveness in killing an airborne surrogate test virus present in less that five minutes (ref: The UK HPA Centre for Emergency Preparedness and Response, Porton Down, June 2006).