Cloudflare - a break towards the upside and indicators looking positive. But, caution ahead of the earnings in after hours trade

Cloudflare seems to be breaking out of the channel that its share price was rangebound in. We can see the resistance was clearly at $86.90 after the first rejection on the 23^rd of January, but a build of momentum has pushed the stock higher in today’s session so far. Currently, Cloudflare’s shares are trading at around $88.68 a share. If the price manages to close above this resistance, then in theory, this would be a bullish indication. However, with the company reporting earnings after the market closes, these gains may be easily wiped out. Psychologically, the previous resistance of $86.90 is now acting as the first line of support in this instance. A move back into the channel would then shift the focus towards $82.73 followed by $78.14. This is more of a short-term view, whereas longer-term, a weak earnings report may lead to a longer-term retracement towards the supportive trendline. We have seen the stock do similar in the past, where it has moved sideways/lower for 3-4 months before finding support and rising higher. If this were to happen again, then investors would be looking for support around $65-$66 a share. Looking at the technical indicators, they are looking rather positive. The MACD seems like it is turning positive and the RSI is on the rise reading 63.