Interesting potential IVA Setup:

• Price action: IVA trading around $6.01, extended from its summer base near $3. Big run into September, now consolidating just under recent highs.

• Chart context: Quarterly VWAP (red) is trending higher and acting as support. Yearly Blue bands = ±1 SD; price is holding near the upper band, showing strong momentum.

• Volume profile: Heavy volume built between $5.50–6.00. That’s the battleground zone — above it clears room toward $6.80–7.00; below it opens a slide back to $5.20–5.30. If we can clear 6, we have room upwards to $9 based on prior value.

Scenarios:

• Hold $5.80+ support → breakout attempt toward $6.80–7.00 ahead of Oct 8 investor event.

• Fail $5.50 support → retrace deeper into the $5.00–5.20 zone.

Key watch: Updates on lanifibranor (NATiV3 Phase 3 trial) and tone at the Oct 8 investor day — these will dictate sentiment.

Base case: Choppy consolidation between $5.50–6.80 until clear trial or event-driven news breaks the range.

Keeping an eye on this…

-Roy

AE Report