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 ?
Lead test kits simply detect the presence of lead in a sample of lead paint and test for the reaction of lead with either rhodizonate ion or sulfide ion.
And that's to get a two-sample lead test of your household water, says Maas.
For these five children, mean age at time of blood lead test was 2.
In many ways, the T-45 without SASS feels like you're landing a tail dragger," said Lieutenant Allen Blocker, VX-23 lead test pilot for the T-45 ground handling project.