Staying on the sidelines on Williamson Tea Kenya.
Fundamentally, the tea industry will be a victim of climate change, which has already proven to have a negative impact on tea quality and yield. Plus, we have seen an increase in exports from other tea-producing countries, which has reduced the demand for Kenyan tea.
Technically, the stock price has weak support at the dotted levels. The order book shows signs of weak demand and a whale exit will push the price lower.
Fundamentally, the tea industry will be a victim of climate change, which has already proven to have a negative impact on tea quality and yield. Plus, we have seen an increase in exports from other tea-producing countries, which has reduced the demand for Kenyan tea.
Technically, the stock price has weak support at the dotted levels. The order book shows signs of weak demand and a whale exit will push the price lower.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.