Amphenol Corp

APH is in a Stage 3 distribution phase, forming lower highs under downward‐sloping EMAs with no signs of exhaustion. The active Post-Parabola Collapse pattern underscores persistent supply, reinforcing a bearish medium-term bias. Short-term timing favors selling now as rallies into the 9/21 EMA and 50 DMA cluster are being rejected. Absence of oversold conditions or bullish reversal setups supports immediate sell-side engagement at these resistance levels.

• ↑Q1 revenue $7.6B, up 58% YoY on IT Datacom and defense demand.
• ↑Adjusted operating margin of 27.3%, +380bps YoY reflects strong leverage.
• ↓P/E near 30× and low earnings yield raise long-term valuation concerns.