America Movil SAB de CV

The asset is entrenched in a Stage 4 downtrend with sequential lower highs and lows and a decisive break below the key 23.56 cluster support. A failed pullback into the declining 20/50 EMAs confirms continued bearish momentum. Execution is warranted immediately, targeting sell-side participation on rebounds into the broken support zone and EMAs.

• ↑Q2 Revenue at 241 B MXN (+3.1% YoY) and service revenue +5.1%.
• ↑3.5 M net subscriber additions in Q2, led by 1.5 M in Brazil.
• ↓Negative earnings yield and elevated leverage raise financial risk.