America Movil SAB de CV

Despite the intact long-term uptrend, active lower highs & lower lows confirm a medium-term bearish bias, and short-term timing remains neutral near support, so selling should be deferred until price rallies into and rejects the 9/20 EMA zone.

• ↑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.