Levi Strauss is expected to report quarterly earnings tomorrow in after hours trade. We can see on the weekly chart that the stock’s share price has broken towards the upside in recent weeks, closing above the previous key resistance points ($19.38 & $20.48). A positive earnings report may see the stock head to re-test its high of the year around $24.31, though this would require a move of around 11.% following the earnings. According to TipRanks, options volume suggests that the market is anticipating a move of around +/- 7.9% post-earnings. If a break were to occur above the resistance of $24.31 in the coming weeks, investors might begin looking towards the area of $26-$28 for further gains. Going into the earnings, the previous resistance levels should now offer some support in the near term. A break below the lower resistance/support of $19.35 would not necessarily indicate that a deeper sell-off is underway as the stock does also have support around $17.80, which is where the ascending trendline from October ’23 approximately sits. Looking at the technical indicators, we can see that some bullish momentum is present as the MACD is seen turning positive (yet to close positive), and the RSI is in a bullish position as it reads 61.