Annexon Inc

Stage 2 advancing structure confirmed by a Momentum Breakout pattern supports a bullish medium-term bias, but price is currently extended above rising EMAs and overbought. Execution should be deferred, stalking for a pullback into the 9/21 EMA region and horizontal support before entering. Key risks include a failure to hold those EMAs leading to a deeper retracement below the 50 DMA.

• ↑High analyst sentiment and positive revisions indicate growing earnings optimism.
• ↑Strong momentum reflects sustained stock price gains in recent months.
• ↓Annual cash burn exceeds $200M with no current revenue generation.