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Finance Dictionary and Glossary of Investment Terms
test
Definition 1.
Technical analysis term for a price when it approaches a support or resistance level, to see whether it will break through that level.
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Definition 2.
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.
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