Alnylam Pharmaceuticals Inc., (ALNY) discovers, develops & commercializes therapeutics based on ribonucleic acid interference. It comes under Healthcare – Biotech sector & trades as “ALNY” ticker at Nasdaq. ALNY is showing strong rally from April-2025 low in previous article & expect further rally once (4) pullback ends. It rallied more than 40% since last update in (3) of ((3)). It expects one more push higher to finish April-2025 cycle in ((3)) before correcting next. We like to buy the pullback in ((4)) in 3, 7 or 11 swings at extreme area.
ALNY – Elliott Wave Latest Weekly View: 
It ended ((I)) at $140 high since inception in June-2025 & ((II)) pullback at $31.38 low in October-2016. Above there, it is showing nest as the part of (III) of ((III)). It placed (I) of ((III)) at $153.99 high in March-2018 & (II) at $60.27 low in December-2018. Within (III), it placed I at $242.97 high in December-2022 as diagonal & II at $141.97 low in April-2024. It placed ((1)) at $212 high, ((2)) at $117.58 low, ((3)) at $236.80 high, ((4)) at $181.65 low & ((5)) at $242.97 high. It corrected II in zigzag correction ended at 0.50 Fibonacci retracement of I.
ALNY – Elliott Wave View From 7.14.2025: 
Above April-2024 low of II, it placed ((1)) of III at $304.39 high & ((2)) at $205.87 low on 4.07.2025 low. Currently, it favors rally in ((3)) of III & already reached the 1.618 Fibonacci extension of ((1)), but still can extend more. Within ((3)), it placed (1) at $333.70 high, (2) at $309.57 low, (3) at $469.81 high & favors pullback in (4). It expects (4) pullback to find support between $431.85 – $408.34 before rally in (5) to finish ((3)) impulse sequence. Wave ((3)) expect to end with one more push higher towards $479 – $494 area later before correcting in ((4)). We like to buy the next big pullback in ((4)) in 3, 7 or 11 swings against 4.07.2025 low. ALNY is not the part of regular service at EWF. But we provide time to time updates on instrument under blog section. Elliottwave Forecast updates 1-hour charts four times a day & 4-hour charts once a day for all our 78 instruments. We do a daily live session, where we guide our clients on the right side of the market. In addition, we have a chat room where our moderators will help you with any questions you have about what is happening in the market at the moment. You can try our services for 14 days at $0.99. Also, you can check out the Educational section to learn Elliott wave theory & its application through different packages available & 1-1 coaching for doubts.
The post Alnylam (ALNY) Should Rally Into $479-$494 Before Correction Start appeared first on Elliott Wave Forecast.