 Hey, what's up you two? I'm Zeke and welcome to the dream green show in this episode I'm bringing you guys the next home run stop Well, what could possibly be the next home run stock and that company is of course Leave our jeans I talked about them before on this channel and I told you guys why I think leave our jeans It has the potential to be For us to be getting in early on the Levi jeans the Levi Stratus stock they haven't been public for too long But this is a company that has been engraved inside American hearts. Everyone owns a pair of Levi jeans I own a pair. I'm pretty sure that you own a pair too. Now Levi's they just had their earnings reports and doing that earnings reports They said a lot of great things that I'm gonna go through in this video So you guys can make your own decision on this stock or not but like I said in my last video about Levi's is that They've been collecting data and for so long that they recognized that there's a new cycle of jeans a new style of Jeans that comes out around every 10 to 12 years. So at first we had the straight cut jeans That was in the 90s and then in the 2000s You had your big baggy jeans to 501s to 504s and then in the 2010s We had the skinny jeans were the slim fit jeans is all the way to the skinny jeans and for the girls They had the above the waist jeans below the waist jeans So now we're down there actually has collected enough data to show that we're in the next stage of Transitioning from the skinny fit jeans and to now what they're calling the loose fit jeans So now we're going from skinny fit to a looser fit of jeans They have already checked all of this data like I told you guys about in the last video But in this earnings report that has some great things to say that really keeping my eye on this company I'm gonna do a complete Technical analysis on Levi jeans so make sure that you guys stick throughout the entire video So you don't miss out on this awesome Information but before we dive into this video this video is brought to you by Webull signed up now by clicking the link down In the description deposit $100 and you will see two free stocks valued up to $1,750 with those two free stocks you could keep them inside the platform and decide to use it Or you can sell those two free stocks and withdraw all of your money It's literally free money. Also, I left a link in the description to Moomoo signed up now Deposit $100 and you will receive a free stock of lucid that is a deal that we have made with them by clicking that link in my In my description Deposit $100 you will get a free side a free stock of lucid that is an electric vehicle company grab that why you can guys It's free money, but enough talking. Let's go ahead and dive straight into this video Welcome back dreamers go ahead hit that subscribe button and hit the thumbs up button Hit that notification bill that helps out this channel more than you can even imagine So here we are on Levi's stratus on their ticket symbol is levi right now They're $25 and 55 cents. They have a market cap of 10.29 Billion dollars and a dividend yield of 0.70 percent now We look at it when Levi went public they went public at around on 2019 around $23 and then they went straight into the pandemic guys They went straight to the pandemic price field as low as $9 and then right over the last year Right after the economy started to some would recover Levi's went up 63.47 percent all the way up to $25 They had an all-time high of around $30 and 38 cents right now And that's in that $25 and 55 cents So they are pulling back a little bit over the last three months that down 10% when I do the technical analysis I'm gonna show you guys when I'm planning on entering Levi I do not own any yet, but I do plan on entering but I wait for it to get at a perfect price I'm gonna do that at the end of this video If you want to be a part of when I buy and sell this stock I'm gonna leave a link down in the comment section that I'll take you to my patreon That'll lead you to my discord and over there I post every time I buy and sell stocks and do technical analysis like I'm gonna do in this video now During the earnings report over Levi jeans What was so captivating with what caught my attention is that um Levi's they actually talked about the new cycle of Gems that is coming out the loose fit jeans. We're transitioning from skinny fit jeans to Loose-fit jeans now they have so much data that they know exactly how big Americans got in each state During the pandemic how much weight each American game by belt size just through the purchases of their jeans so they know pretty much 90% of Americans had game weight during the pandemic and they know by exactly how much so they have a ton of data They've been collecting in this data for so long now during that earners report They beat their earnings expectations. I'm gonna pull up how much they beat it by When we do the technical analysis, but they did beat their earnings expectations. In fact, it might show it on rival hood 13 analysis ratings that Levi's about a hundred percent Despected was 37 cents per share and the actual was on 48 cents per share So they did beat that Q3 earnings report now doing that earnings report. They mentioned cotton 13 different times and the reason they mentioned cotton was because the price of cotton has shot up 50% and Levi jeans Their jeans are made out of 99 Percent cotton the only thing that's not cotton on them is the zipper and the button other than that The entire jeans are made out of cotton now during the middle of the earnings report that Shot the price of Levi jeans down They have reported that Vietnam has been hit pretty hard when it comes to the pandemic and that is where 90% of the world's cotton come from from Vietnam So that was what raised the price up by 50% because 90% of the world is relying on Vietnam for their cotton now Levi jeans a long time ago They put in place that they would not get more than 20% of any of their valuable resources from just one country So they only get 20% of their cotton from Vietnam. All of the other cotton that they get Is from different countries. So they diversify where they get that valuable materials from even though it would be the cheapest to get from Vietnam They had put it in place to only get 20% from there just in case anything happens And something did happen like the pandemic price of cotton shadow 50% in Vietnam. So It did not affect um Levi jeans as hard as it affected a lot of other companies and it cost them to raise their price Now Levi, they did say with the price of cotton going up so much It only cost their company an extra 10 Million dollars and that is absolutely nothing at all to a um 10.29 billion dollar companies So they actually won in that sector and right after they mentioned that the price of their Stock has shot right back up after dropping like 5% in the middle of an earnings report Just because of the strategic strategies that the ceo has in place by not being so dependent on one country Just in case anything happens guys. So um once again, I am planning on buying this stock I am not a financial advisor. I am just saying what I'm going to do Please do your own research But like I said with the new cycle of jeans coming on, um, they have a great plan to place They did not get hit hard from the pandemic. Um, Vietnam Raising their prices of cotton is really not affecting Levi jeans And they've been pulling back over the last three months or so I'm definitely going to get in on this company But let me go ahead and pull up the chart so we could do a technical analysis of um, Levi All right. Here we are over on trading view. Um ticket symbol levi Every bar on here is four hours. This is the four hour chart. So let's just go ahead and draw out A couple of the lines right quick. In fact, let's just draw out the fibonacci Um sequence right quick. Here we go. You guys already know. I love the fibonacci sequence So we're going to draw it out from there to there and you guys know I like to buy inside of the golden zone All right. Now we're going to draw some support and resistance lines Right there and right there. The reason why is that I see Levi have a hard time Breaking below this resistant line right here. Well, the support line right here It's going to have a hard time breaking below that line So it's still a little bit of distance away from that. Let's go ahead and draw out this downtrend this downtrend rich right here So it is in a down to downtrend rich And then we're going to draw another support around right here All right, so um the golden zone is where I'm looking to buy Levi jeans now right now It's trading inside of this downtrend rich If it breaks out of this rich it's probably going to trend back up sometime soon But if it continues to use this as a resistance line and trade all the way down And break below the support line right here Then I will probably pick up a couple of shares when it pulls down inside this golden zone Anywhere from the $22 and 63 cent price point to the $20 and Three cents price points. I'm planning on picking up a couple shares within this golden zone right here So as long as it breaks below um this support line right here I'm going to pick up some in the golden zone But if it breaks above this downtrend pattern and continue to trade up I'm just going to be patient until eventually it falls back to the $24 ish price point and and then that'll probably be where I pick up a couple of shares of Levi jeans now. This is just a very basic um Technical analysis, um, I didn't go over the RSI. I didn't go over the MACD This is just supporting resistance line and using the fibonacci sequence but when I post on my um My patreon I do post the RSI and MACD and where I see um the crossings above the zero and the RSI Overbought and oversold and different things like that. So if you want to be a part of that that link would be down In the comment section and there we go guys. Let me know what you think about Levi jeans the company Is it a smart buy? How many pair of Levi's have you owned in your entire life? Me I could say I ran through a couple pairs of jeans and when you get a hold in them That just makes them even better guys by You know, it just shows a little characters inside of your jeans But let me know down in the comment section. Do you have this on your watch list? Do you have your eye on Levi's have how many pair of jeans have you on and if you're already on Levi jeans? Um, if you bought it earlier this year, you should be up since they're up 63 percent this year Let me know all of that down in the comment section Don't forget to hit that thumbs up button and subscribe to this channel Hit that notification bell that helps out this channel But then you can even imagine But before we go, don't forget to pick up your two free stocks of Weeble and your free stock of Lucid that is a let your vehicle stock when you signed up for mumu and deposit $100 It's free money guys. Take full advantage of that. But anyways, I'm zeke bringing you to dream green show and I'm out. Peace