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 ?
What is more challenging, as Testing the Water illustrates, is that there is much more that needs to be done to reduce our carbon footprint.
We are testing the water but there is no risk to its future.'
AWHY on earth would you risk your marriage and your children's happiness by testing the water? This is nothing to do with being gay or bisexual, which really doesn't matter.
We are also testing the water to see if anyone out there wants to assist our club in setting up a junior section.
The NHS Trust had stopped testing the water supply for legionella between May 2006 and February 2007, Liverpool Magistrates Court heard.
But the tests failed to satisfy Heather's family who said officials had left it too long to begin testing the water.
There may be a lot of emotion at the moment because the Queen Mother has died but you try testing the water in a couple of months when the Wessex's have cancelled a few engagements, and Prince Philip has found someone else to insult and see how popular they are then.