Rocket Internet AG:
30 November 2016, Wednesday, 5.55pm Singapore Time
Remember that in 2015 and 2016, I have said in my Facebook Wall that Rocket Internet does not have future as it is merely a copycat? A wholesale copycat of e-commerce companies and of Silicon Valley without innovation cannot be expected to succeed like those who come to the market first because of their innovations. Congratulations to those who shorted this stock for the past 2 years. This stock continues to be a crap with technicals as below:
Long Term: Downtrend
Mid Term: Sideway
Short Term: Sideway
Conclusion:
Bearish Company with Bad Fundamentals that led to Very Bad Technicals on Chart
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