Short FMC

In a market that will probably gap down today, shorting weak stocks on bounces might be difficult, as most prices will fall "out of reach". Hence, it is easier to short breakdowns.

FMC is clearly in a long downtrend and might break below support.

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We can see below that a simple Breakdown (BD) below 56.9 offers good R/R, while a Breakdown on volume (BDV Offers better returns.

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The short area however is narrow: between $56.9 and $56.47. If the stock opens below $56.47, then it is best to avoid the trade even if and especially if the stock opens below $56.47 and then bounces back above.

This is the type of move that is called an "oversold reversal", which usually is detected by bottom buyers.
Shorting needs momentum on your side, much more than buying.

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