UBS is expected to report an EPS of $0.52 on revenue of $8.63bn.

UBS is due to report earnings tomorrow, currently, its stock is trading at around $25.13 a share. We can see the sharp rise the bank has had since May earlier in the year, perhaps finding more stability due to the optimism within the markets. The next level of resistance sits at $25.72, a break above it could see a push towards $27-$28 in the shorter term. In the longer term, resistance sits at between $31-$32, so if we saw a successful move above $27-$28 then $31-$32 would be on the cards. For the time being, support is well established below. The first line of support sits along the dotted trendline, reading $22.27. A break below it would then force us to look at $18.77 and $17.99 (along the lower trendline). The technical indicators are both positive suggesting that the stock remains in strong bullish momentum, however, the RSI is suggesting that it is now slightly oversold as it reads 71. Therefore, we may see some profit-taking in the short term before any pushes higher.