Block, Inc.
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$SQ Square's chart is saying strong sell, but we like it.

742
Square has really struggled to find any momentum in a very strong market which is not a great sign approaching earnings.
The bearish scenario is that SQ is still in correction from the overbought condition from Sept 18, investors have moved on as we can see from the volume profile which is steadily decreasing. The Chaikin Money Flow is in decline, as is the RSI. Price has fallen below they middle BB, 50ma, 200ma and the Ichimoku cloud signal more pain. On previous earnings we have seen a jump in price but immediate sell off.

From a bullish standpoint its a bit more difficult, the 100MA is support and MACD is approaching a cross.
The company is loved by its customers but competition is putting up a fight.
If the price climbs above $83 then correction is over and its bullish all the way.

I find it hard to call a sell on it, despite all the indicators but from a charting perspective it must be a sell. We will wait to see what price action is going into the close before earnings before possibly making a trade.

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