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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 ?
It is a model of the natural world, composed of testable theories used within the realm of science.
Behavioral approaches: relying on psychological and organizational theories to derive testable predictions about individual and group behavior;
Knowing that this possible explanation for a set of observations must be testable, he stated his hypothesis this way: Increasing the voltage of an electric dragster will increase the car's maximum speed.
This ought to be a testable hypothesis, suggesting that we should see a decline in marriage statistics once same-sex partnerships are legalized.
Even to develop a testable hypothesis is not very simple at all.
a testable hypothesis with explanatory and predictive power.
As prescribed by the JCIDS process, JITC will participate in the technical assessment of all IT and NSS capability and requirements documents to ensure interoperability requirements are specified in measurable and testable forms.
It takes a lot of religious faith for Mary Anne Steinberger to believe that the staphylococcus mutation is testable and observable evidence of macro evolution.
These correlates provide testable hypotheses regarding ecologic factors associated with maintaining tularemia foci.
Focusing specifically on recent actions by proponents of so-called "Intelligent Design," the statement released today points out that "Intelligent Design" fails to meet the basic definition of a scientific idea or theory containing no testable way to verify its central ideas.
It needs to be testable and subjectible to disproof.