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 classic literature ?
Every wire that comes into the board is tasselled out into many ends, and by means of a "busy test," invented by Scribner, only one of these ends can be put into use at a time.
In the meanwhile, I should like to put my impression about you to the test.
As he was still trying some last hopeless tests he heard for the first time voices from farther up the river, and saw a police boat shoot up to the landing-stage, with constables and other important people, including the excited Paul.
I have had such wonderful tests with Planchette," Mrs.
John Willet did as he was desired; for on that point he was seldom slow, except in the particulars of giving change, and testing the goodness of any piece of coin that was proffered to him, by the application of his teeth or his tongue, or some other test, or in doubtful cases, by a long series of tests terminating in its rejection.
It is the moment when our resolution seems about to become irrevocable--when the fatal iron gates are about to close upon us--that tests our strength.
You see they didn't really come to test the torpedoes; that was merely an incident.
Lecount had succeeded in imposing on Miss Garth; and would, in any event, still declare, on the evidence of his own eyes, that the test by the marks on the neck had utterly failed.
Had I any ideal by which to test and measure the damsels of the world who were to pass before my critical choosing eye?
Thus by keeping it secret thou wilt not escape thy sorrow, but rather thou wilt shed tears unceasingly, if not tears of the eyes, tears of blood from the heart, like those shed by that simple doctor our poet tells us of, that tried the test of the cup, which the wise Rinaldo, better advised, refused to do; for though this may be a poetic fiction it contains a moral lesson worthy of attention and study and imitation.
In speaking of a tragedy as the same or different, the best test to take is the plot.
But to enable a prince to form an opinion of his servant there is one test which never fails; when you see the servant thinking more of his own interests than of yours, and seeking inwardly his own profit in everything, such a man will never make a good servant, nor will you ever be able to trust him; because he who has the state of another in his hands ought never to think of himself, but always of his prince, and never pay any attention to matters in which the prince is not concerned.