Greggs' share price has been in a bullish trend since the 3rd of October last year. The bakery chain is due to report earnings tomorrow before the market opens.

Taking a look at Greggs as the British bakery chain is reporting earnings tomorrow. At present, the company’s stock is trading at around 2,848p a share. We can see that on the weekly timeframe the price of the stock has been in a bullish trend since the 3^rd of October last year, almost forming a V shape recovery. The support is located along the ascending trendline with the first level at 2,751p, a break below 2,751p could see a retracement lower towards 2,628p followed by a key level at 2,491p. But as the bias remains bullish, resistance above sits at 2,913, which is last week’s high. A break above it may see a move higher towards 3,000p and maybe even a stretch towards 3,100p. Currently, the technical indicators are mixed as the MACD is flat and the RSI is positive, reading 64.