Annexon, Inc.Long
ANNX Bullish Engulfing
ANNX has made higher lows and higher highs since bottoming in April. Beginning in June the OBV has confirmed the up trend.
The most recent candle made a bullish engulfing patten that tested and closed above the descending trend line. We also see that the short and long term Force Index recently turned positive.
With the MACD curling it appears it should cross over any day now and with that I anticipate the move higher to continue.
Target: $6.08
The most recent candle made a bullish engulfing patten that tested and closed above the descending trend line. We also see that the short and long term Force Index recently turned positive.
With the MACD curling it appears it should cross over any day now and with that I anticipate the move higher to continue.
Target: $6.08
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