Technical Analysis Of Levi Strauss & Co.

By AAATrade of aaatrade.com

Tuesday, April 11, 2023 7:43 AM EST

red and blue light streaks

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

More By This Author:

Daily Technical Analysis Of EURUSD - Monday, April 10
Technical Analysis Of IronNet. Inc.
Daily Technical Analysis Of GBPUSD – Thursday, April 6

Disclaimer: Trading is risky. Information presented herein, is not to be constructed as a solicitation or an offer to buy or sell any Financial Instrument or to participate in any particular ...

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.