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 ?
A second surrogate test was performed at Fette's factory in Schwarzenbek, Germany, again with a 2090i WlP Tablet Press, and now with isolators manufactured by Fette themselves.
With the advent of the present AIDS test (called ELISA, for enzyme-linked immunosorbent assay) in March 1985, Engleman went back to see how well his surrogate test had worked.
senior director of research for CardioDx, will deliver an oral presentation entitled "Exploration of a Whole Blood Gene Expression-Based Surrogate Test for Smoking Status.