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Investing Glossary:
Test
Copyright 2010,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
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| Definition: |
| 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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