Technical Analysis Of Levi Strauss & Co.

Apr 11, 2023 at 7:43 AM EDT

Looking at the LEVI’s chart we could expect the upward reaction to be continued, and test its resistance level at around $16.30.

red and blue light streaks

Photo by Maxim Hopman on Unsplash

Today’s instrument is Levi Strauss, an apparel company, traded in the NYSE exchange under the ticker LEVI.

Looking at the LEVI’s chart, we can see that, after a big drop from around $17.50 to around $15 on the 6th of April, when it announced good quarterly earnings but with worries about future revenue and lower margins due to high costs, it was recovered to the last traded price at $15.75.

Today, we could expect the upward reaction to be continued, and test its resistance level at around $16.30, and if it is able to pass that level, then it should approach its next one at around $16.70.

(Click on image to enlarge)

AAATrade's Intraday Technical Analysis of Levi Strauss & Co - 11/04/2023

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