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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
The Rorschach test could also be applied to patients diagnosed with cancer following their treatment with the intention to foresee a relapse or a metastasis, applying the criteria resulting from the present study.
To me, the concept of diversity is very much like a Rorschach Test for an organization and the individuals dealing with diversity issues.
Rudolf's character resembles a Rorschach test: we see the storyline through Rudolf's eyes and thoughts.
Retail is a national Rorschach test, and we can tell more about our collective psyche by studying buying trends than any poll can honestly reveal.
Who would we be without the struggle?" Her work, like a Rorschach test, opens the door to whatever that struggle is for each of us.
"The lacrosse case was like a Rorschach test in which, depending on your perspective, politics, race and experiences, you saw something completely different from someone else." This is an article you definitely don't want to miss.
CD has most often been measured from standardized, verbatim individual Rorschach test records, and the essential issue is not the intrapsychic phenomena as traditionally interpreted but more the pattern of reciprocal shared focusing of attention and meaning in the communication process (Wynne, Singer, & Toohey, 1976).
A one time reference to the Rorschach test and interpolations of common myths about international non proliferation keep the reader's attention and make the work enjoyable.
His latest best-selling book, The Shame of the Nation, is like a Rorschach test for Americans.