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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 1200 kV CVT that will form a part of the Power Grid Corporation of India's ultra-high voltage test station is yet another proof of this commitment.
Maintenance manuals are like our bibles, and we had to create new ones to support the test stations for the Sidewinder GCS workload," he said.
At the test station, a tested engine is loaded onto the AGV, which then returns the engine to the line for final assembly.
0 test station project being hosted at WJW-TV is envisioned as a neutral laboratory to test anything and everything related to ATSC 3.
in Greenwich, CT, was removed last week for fraudulent test procedures and falsifying test results in violation of the terms and conditions of operating an official emissions test station.
The Xbox-controller functional test station is used at the end of the production line to verify acceptance before packaging and shipping to the retailer.
Designed with a modular construction allowing a choice of test modes, the software is completed with a data processing test station that can be used as stand-alone equipment or as an integrated component.
PHOTO (Color) This engineering test station forms the heart of the on-board system for NASA's flight experiment.
The new laboratory instrument has five components: a sample loading station, sample conditioning station, dynamic-mechanical test station, robotic transfer system, and computer controlled operating and data-analysis station.
S-Parameter Test Station for Production Testing of Multi-State Microwave Devices
Founded in Montreal, in 2004, Daito Test Services' VERSATYLE(TM) product line enables test engineering teams to replace an entire power-hungry, rack and stack XFP Transceiver test station with a simple, multi-purpose, optical test instrument which can be seamlessly integrated with any manufacturing test set up.
is being awarded a $8,038,235 modification to a cost-plus-fixed-fee contract (DAAH01-99-C-R246) for Global Positioning System Telecommunication Simulator Test Station augmentation.