Earnings tomorrow, elections Thursday, but where next for JDs stock?

Taking a look at JD Sports ahead of the earnings report tomorrow. Currently, the fashion retailer is trading at around 119p share, shares are flat on the day. We can see that the company has been finding it difficult to move higher so far this year, after selling off around 27% at the start of the year, JD has been trying to establish some sort of base ever since. Over the past few months, the resistance around 137-138 has been resilient. Hence, a break above this area following the earnings could spark some optimism, potentially leading to another attempt in order to break out of this long-term triangle pattern. However, with the UK election only a couple of days from now alongside anticipated earnings, we may see increased levels of volatility in the short term. Psychological support along the lower trendline reads 107p, a break below would then face support at 103p before any further concerns arise. Looking at the technical indicators, there are signs of fading momentum. The MACD is gradually curving lower and the RSI has slipped off, just within neutral territory as it reads 46.