RBA

 RBA

RB GLOBAL, INC







RB Global, Inc. engages in the provision of value-added insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Its brands include Ritchie Bros., IAA, Rouse Services, SmartEquip, Xcira, and Veritread. The company was founded by David Edward Ritchie in 1958 and is headquartered in Westchester, IL.

Lot going on here. At first, Financial data requires a deeper look. Yes income cut in half, but capital expenditure is why. They are reinvesting in the comapny. It hits low on the score total, but the chart is way too good to ignore. Industry also doing decent so this is not an avoid. Not to mention sales doubling and assets x6. Lots going on in this comapny. So far market does not seem to care about it. We will see what a breakout can bring in. 

Queries are pretty good for a stock not broken out yet. Edge to green and Returns and MFE with a few % edge to green side. 




Best to see is the amount of similar dates and performance. Edge clearly to green with near 80% green close in month. This stock likes to move in vertical lines so if we can get a move, im expecting soemtihng great here. 

Looking at past similar dates, weve got some seriously good looking run ups. 

The highest counts saw no drawdown up to the most common 4 occurences over the next month. 

Might be a bit early on entry. I liked the 4hr and 1hr MAs but D could use a few more days possibly another week. So not fully invested yet. Will happily add more when it works. All in all looking great for a move here.

Stop 63. In 64.80

2/11

Shame I didnt get full size on. Monster rip. 

Queries slowed down a lot. Very small returns up here. Might end up just taking the small W on this. There is a rising wedge building and were a couple pooints away from the top. That plus queries, plus clear straight line up plus recent stock history of going vertical and giving it back over another month before ripping again. Also low vol move. 

Frequent dates show some good breakouts. Industry also super strong with big vol breakouts.

Ill let it be but need to be careful to not let this pullback too much on me. 

9dma clearly losing that last several times led to further drawdown. That is my stop. 

2/16

very strong recovery from tuesday. Hitting top TL. seeing a couple dojis up here. Size was notyhing meaningful, still feeling like I want to take it all off and see if reset comes. 

Queries nothing special.

Industry strong. With vol in some names. Worth being involved still.

The past several times its been up here, it same same doji pattern, stall and then reversed hard. we also had 0 vol increase getting here. I need to take this off so I can focus more on other sizewd up names. Under prev LOD out. 


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