Trade ideas
LEVI - an investa analysis in english. the brand is one of the best. 12 bucks is a good price to pay for an investment. if u like knockis, you should take a look at the ticket:
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actually: 4,91/5,09 open end - ko: 7,857
I suspect an impulsive rise from may.
LEVI to test lows againGreat company but not the type to make it through a pandemic where retail is the last needed sector.
Look for them to test their lows again this week. You can see it forming lower lows recently.
It is overbought and macd is signaling to sell.
LEVI - Test potentiel du haut range formant un Cup&HandleJe commence à suivre LEVI de près maintenant pour la simple et bonne raison que l'euphorie de l'IPO est passé. Le stock a eu le temps de corriger vers une zone de prix raisonnable.
Le prix s'est stabilisé dans un range. On peut constater qu'il n'y a donc pas vraiment de tendance de fonds depuis les derniers mois.
- Le prix se maintient au-dessus de la moyenne exponentielle 100 (support pour le pullback) mais aussi sur l'ensemble des moyennes mobiles (toutes au même niveau à cause de la consolidation de prix)
- Nous avons la forme d'un cup et potientiellement un handle en cours si on retest le haut du range.
- Forme de W au niveau du weekly, double Bottom niveau daily
- Une vraie cassure de la résistance formerait une confirmation de la figure CUP&HANDLE et le début potentiel d'une nouvelle tendance.
LEVI – Wedge Support Lowered – Pattern IntactUpdate from previous chart as wedge support was too high.
Trade Entry
Holding Feb. 21 expiry Put Credit Spread 18/22 strikes.
Chart Details
LEVI price looked to breakdown out of Bull Flag.
Support from previous chart was $18.87 from Jan. 6 low.
Support moved to Dec. 17 low of $18.68. Pattern intact if above exit.
Exit below $18.60
Bullish EMA cross above $19.08.
Price is already above 10WeekMA. EMA Cross will confirm bullish uptrend to gap fill.
About Me
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, BYND Bullish
Previous chart
LEVI – Bullish - Keeps Momentum Won’t Crease That DenimI see three different ways to enter this earnings and gap fill trade.
Trade Entry
1. Feb. 21 - $20 Calls for $0.60 each ($60).
2. Feb. 21 Put Credit Spread – 18/22 Strikes. $2.50 Credit. $149 risk. $250 reward.
3. Buy shares and trade. Cheap at $19.25
Chart Details
LEVI is coming up on earnings.
Bull Flag formation just about to breakout.
Bullish EMA Cross with Bullish 10WeekMA price cross.
Gap fill at $22 with earnings on Feb. 4th.
We are also coming off a double bottom on LEVI.
Good setup with good catalyst.
About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, CRWD Bullish short term, ZM Bullish, BYND Bullish
$LEVI Levis on the moveProfitable company, undervalued. What's better in a financial crisis than trading expensive clothing for jeans. Time to hop in!
LEVI long setup (breakout & limit buy) - 1:4 risk rewardAgain here's a potential 1:4 long setup. I have 2 profit targets. First one is 1:1.5 and second one is 1:4
LEVI LONG SETUP
1. Entry: $17.45 (buy stop)
2. Entry: $16.97 (buy limit)
Stop loss: $16.53 (54% probability)
1. Target: $18.83 (46% probability)
2. Target: $21.13 (less than 35% probability)
Risk: 2%
Disclaimer: This is not investment or financial advice.
Please remember to follow me on TradingView
Trade safe,
Atilla Yurtseven
LEVIMy wave count on LEVI. Look to buy shares are the end of wave 5, which just so happens to be before the holiday season. :)
LONG LEVI REVERSAL Upwards, established SUPPORT, RSI OVERSOLD,THE MAIN REASON TO WHY THE STOCK FEEL MORE THEN EXPECTED WAS BECAUSE EARNINGS DID NOT BEAT LAST YEARS BUT THEY ARE STILL POSITIVE. THEY ARE A PROFITABLE COMPANY BASED ON THEIR FINANCIAL STATEMENTS, CASH FLOWS, AND BALANCE SHEET.
INDICATORS:
RSI: IT IS AT 34, WHICH IS REALLY LOW AND IS HEADED UPWARDS SINCE IT WAS AN OVERREACTION. THE COMPANY WILL EASILY GO BACK UP AT LEAST A 1 UPWARDS.
MACD: IT IS ABOUT TO CHANGE MOMENTUM IN TERMS OF UPWARDS TREND. IN A DAY OR SO FROM NOW IT SHOULD BE POSITIVE MEANING GREEN MOMENTUM UPWARDS.
THE REVERSAL IS HAPPENING.
Potential LEVI Dip Buy Opportunity Huge sell off with Levi's today after release of earnings. Reaching a strong support at $20.50 this could be a great potential dip buy opportunity for 5% return. Wait for confirmation with higher highs and higher lows on lower time frame before entering.
Earnings tomorrow will not effect 166 years of history in Levis.Earnings approach tomorrow and they are anticipated to be OK nothing exciting but ok. In the current market that will probably be enough to meet investors expectations, but worresi do persist about the lack of innovation within the brand to attract a more diverse customer base.
Guggenheim analyst Robert Drbul maintained a Buy rating on Levi Strauss & Co (LEVI) and set a price target of $26.
“We remain comfortable with our estimates and long-term outlook for the company, as laid-out in detail in our initiation report published April 15 (see here). In 2Q, we forecast ~4% revenue growth (~7.5% in CC), led by continued International momentum, and ~flat adjusted EBIT margins, with gross margin gains offset by SG&A expense rate deleverage. Our 2Q/FY19 EPS estimates of $0.13/$1.07, respectively, are in-line with consensus. We remain BUY- rated on LEVI with a $26 PT, which is based on 21.7x our FY2020E EPS of $1.20. In 2Q, we forecast revenue growth of ~4% to $1.294bn, or up ~7.5% in CC. Our revenue forecast is roughly in-line with consensus at $1.297bn and incorporates a nearly 400bps growth headwind from FX (similar the 1Q headwind; we expect this FX headwind to decline to 0-50bps in 2H).”
AVERAGE PRICE TARGET $25
AVERAGE RECOMMENDATION OVERWEIGHT
P/E RATIO 22
COMPANY PROFILE
Levi Strauss & Co. engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.
$LEVI Levis not that appealing, wait and see. There is no need to rush into LEVI, we think sentiment about the brand has taken over from common sense. $21 seems like a good target for us to reassess our stance on the stock. Analysts have pilled into the stock today but with quite a mixed bag of views, which reaffirms our bias to remain on the sidelines.
