JP Morgan (JPM) exhibited strong resiliency in 2016 based on the behavior of Japanese candlesticks on a weekly chart. This resiliency is demonstrated with the long shadows on the lows and small bodied candles as the stock attempted to go lower. This behavior shown, particularly in the first quarter, throughout the year indicates that buyers are present, buying each break. Prices and continuation of an upward trend would be expected, and led to JPM breaking its 2015 all-time high.
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