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 ?
There was a weak association with age at the time of first total bilirubin test (R = 0.49, P < 0.0001).
After introduction of the second flag, the interference rate for conjugated bilirubin during a 3-month period (16 310 bilirubin tests) increased from 0.3% to 1.1% (179 of 16 310).
Infants with pale stools or urine that is anything other than colourless should therefore also have a split bilirubin test.
Mayfield recommended a second bilirubin test. While awaiting the tests, Cal was placed under a double bank of bili lights for phototherapy treatment of his jaundice.
The researchers divided the study participants into fifths on the basis of their bilirubin test scores.