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 ?
The guaiac test (Fecatwin-S) was developed with two drops of hydrogen peroxide, any blue colour at 30s indicating a positive test.
Contract award: playing guaiac tests for occult blood in the stool and the transmission of results to the university hospital of tours.
To monitor safety, mammograms, well-woman examinations, Pap smears, stool guaiac tests and clinical blood chemistries will be performed.
Although LMW heparins are touted as requiring no laboratory monitoring, any kind of anticoagulation therapy requires a patient to undergo complete blood count with platelet count, urinalysis, and stool guaiac tests periodically (Medical Economics, 1998).