Alibaba - huge focus on Alibaba earnings tomorrow, especially after China has been in revival mode

Alibaba is set to report earnings tomorrow, it will be interesting to see the market reaction especially after China has been trying to revive its stock market. Currently, its shares are trading at around $77.67 a share. As we can see on the daily timeframe, the share price has approached the long-term trendline resistance and the earnings outcome should determine whether it will finally manage to break this bearish trend. Since January 2023, every time the price has reached this trendline resistance it has been rejected. A break and close above this resistance would not necessarily suggest that a new bullish trend has begun, but it will certainly spark up the momentum. In that scenario, the next resistance in focus would be the level of $87.82. Towards the downside, support sits at $69.53 and then $66.66. Looking at the technical indicators, the MACD is relatively positive and the RSI is now also positive as it reads 60.