Core Viewpoint - Alnylam's stock has experienced a correction of approximately 13% recently, attributed to its position within the Adhishthana cycle and the current market dynamics [1]. Group 1: Stock Structure and Cycle - Alnylam is currently in Phase 11 of its 18-phase Adhishthana cycle, having previously been in Phase 10, where a cautious outlook was published indicating a likely correction [2]. - The Adhishthana framework suggests that stocks typically form a Cakra structure between Phases 4 and 8, leading to a breakout in Phase 9, which initiates the Himalayan Formation consisting of an ascent, peak, and descent [3]. Group 2: Recent Developments and Price Action - Alnylam broke out of its Cakra in June, initiating the ascent leg of the Himalayan Formation, coinciding with positive news regarding Vutrisiran, which bolstered bullish sentiment [4]. - After entering Phase 11, Alnylam reached a peak near 495.55, followed by a corrective phase where the stock has declined over 20%, indicating the start of the descent leg [6]. Group 3: Investor Outlook - With the descent leg currently in progress, the stock is expected to remain under pressure in the near term, and aggressive buying is not recommended at this stage [7]. - Investors holding positions may consider hedging, as the structure indicates that Alnylam could revisit its Phase 9 levels before the descent phase concludes [7].