America Movil SAB de CV

In a Stage 4 downtrend with persistent lower highs and lows beneath declining EMAs, the medium-term bias remains bearish; oversold short-term conditions near the 22.83 support zone suggest deferring sell-side execution into relief rallies around the 9/20 EMA tests.

• ↑Q2 revenue rose 3.1% YoY to 241 B MXN; EBITDA up 8%.
• ↑Mobile subscribers grew by 3.5 M, led by 1.5 M in Brazil.
• ↓Aggressive competitor promotions risk compressing EBITDA margins.