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After publishing the February 5th 2025 earnings report, the FMC Corporation (Ticker NYSE: FMC) stock gapped down, losing almost 34% of its value. Moreover, nowadays, the company is under serious pressure after being accused of publishing false Sales and Inventory information and downgrading shares from "Buy" to "Neutral" by some analytic companies (e.g. Redburn). Logically, in such circumstances, prices should continue down, but as a matter of fact, it is not the case. Why?
First, the February 5th bar is a down bar on a huge (largest in the last 15 years) volume, which, according to Volume Spread Analysis (VSA), indicates professional buying. Then, 2 days later, professionals bought again and the market responded by the higher prices.
Finally, the gapped-down bar reached the level of the previous support (blue rectangle on the daily and weekly charts), which adds strength.
https://www.tradingview.com/x/yrloJuEE/
Even though it looks very bullish, the price should be tested before the rally. Therefore, we m
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