$GM Awaiting New Highs??

Here's a classic breakout situation. We have price channeling for the past few years. However we do have a highly anticipated earnings report coming out soon. Mayne this earning report can take this stock To new highs?

Why I am Long on GM:
- New Cruz Hatchback just came out which will take car/ hatch marketshare.
- Corvettes numbers are solid.
- Camaro new update and high end model will be a huge seller.