Proctor & Gamble - clear resistance between $164-$165. Perhaps a pullback towards the trendline before another leg higher?

Taking a look at Proctor & Gamble ahead of its earnings tomorrow. Currently, its stock is trading at around $156.07 a share in the pre-market session. Looking at the chart based on a weekly timeframe, we can see a key supportive trendline in place which dates back to October 2022. The stock formed support along this trendline back in October and December of last year, before enjoying a rally back to all-time highs. However, a clear resistance level has appeared between $164-$165. As a result, the price has fallen over the past few weeks with what now looks like a potential pullback towards the supportive trendline. The support along the trendline reads $148.80. A break below this level may then see a further sell-off towards the support levels from October and December, or respectively, the area of $139-$142. As the outlook for the near term is a little foggy, resistance levels are less significant right now. However, a positive earnings report could change this view. Hence, the primary resistance in focus is $160-$161. A break and close above would allow investors to eye up the all-time highs once again. As already mentioned, the near-term outlook is unclear. This is portrayed through the technical indicators, the MACD is on the verge of turning negative but the RSI sits in a neutral position as it reads 52.