Expected to report an EPS of $0.15 on revenue of $382.55M

Taking a look at UiPath ahead of its earnings tomorrow. The tech company is expected to report an EPS of $0.15 on revenue of $383.55M. Currently, its shares are trading at around $24.10 a share. Looking at the weekly chart, we can see that the price is somewhat trading within an ascending channel. The most recently formed resistance at $27.86. A break above this resistance would see the price breakout of the channel, potentially forming a new upward trend. This will be most likely determined by the earnings and forward guidance released tomorrow in the after-hours trade. Towards the downside, investors have support at $22.15 followed by $21.29. A break and close below $21.29 would likely lead to a further sell-off back towards the lower half of the channel, or respectively, $16-$18 a share. Looking at the technical indicators, they are rather mixed, which tends to be the case ahead of important earnings calls. The MACD has just turned negative but the RSI is still positive as it reads 59.