Looking rather positive on the monthly chart

Paychex is reporting earnings next week, and looking at its stock on the monthly chart, the technical are aligning for a potential move higher. Yesterday, its shares closed at around $122.31 a share. We can see that the stock has support starting from the pandemic period with new support formed last year following the big sell-off in 2022. The initial support for investors here reads $116.76, a break below could see a pullback towards the supportive trendline. Which is currently reading $111.28. Towards the upside, resistance can be found at $124.34, February’s high. A break and close above would create a pathway towards $129-$130, which is last year’s high point. The technical indicators are in theory neutral, but they are swaying towards the positive side of the spectrum. The MACD seems like it is on the verge of turning positive and the RSI is reading 54.