Coca-Cola Femsa SAB de CV

Despite the longer-term uptrend, the active Blow-Off Top pattern marks a terminal phase and warns of an upcoming pullback. Medium-term bias is bearish given the terminal exhaustion signal. Short-term price is pulling back into neutral EMAs with no clear momentum edge, so execution favors trimming into the resistance zone near recent highs and the 9/20-day EMAs. Confirmation of lack of upside follow-through at that zone supports downside participation.

• ↑Consolidated revenue +2.9% YoY to MXN 77.7 B; gross margin 46.7%.
• ↑Stilled beverage segment +7.4% YoY, led by Monster and FUZE Tea; Coke Zero expanding.
• ↓IEPS excise tax in Mexico likely reduces volume by low-mid single digits.