Second failed breakout attempt, but can the earnings provide the boost?

Taking a look at Morgan Stanely after Goldman Sachs reported positive earnings in the pre-market session. Currently, its shares are trading at around $86.23 a share. We can see that on the weekly chart, the price has tried to break the bearish trend on two separate occasions now, the first attempt was in January with the second on a couple of weeks ago. However, so far, the resistance is proving tough. The area of $94-$95 is the key resistance in focus, also highlighted by the red ovals. A break above this area would certainly create room for a push higher as a build of bullish momentum would then be likely. In that case, the attention would turn to the $100 mark as that is where the next resistance point lies. The first minor support, in theory, sits along the descending trendline. Sometimes, when a breakout occurs, the resistance switches to support and markets can have tendencies to pull back for a test of that support before heading higher. Nonetheless, during earnings season these tendencies have to be disregarded as volatility can be high. The minor support reads $87.75. A break below this level could see a decline towards last week’s low of $85.03 and then the key near-term support of $83.09. Looking at the technical indicators, they do not offer any insight. They are rather mixed. The MACD looks like it could turn negative and the RSI is neutral as positive as it reads 51.