If earnings are perceived as relatively good to the shareholders then the share price will most likely catapult through the almost-year-old resistance trend line. If earnings are perceived as bad to the shareholders then earnings will most likely move towards the bottom resistance line (Most likely to happen). Before making a position I would wait until after earnings to capitalize, as the earnings will most likely be terrible just based on the past four earnings reports, but there is more money to be made if you are able to fundamentally analyze the stock prior to the earnings release and determine the stock's earnings report possible results based on cash flow or what ever fundamental analysts do.
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