NEX, BYDSET: NEX & BYD Technical Analysis - Key Resistance Levels Ahead
NEX POINT PCL (NEX) - BULLISH REVERSAL**
- **Current Price:** 0.98 THB
- **Target 1:** 1.02 THB (+4.1%)
- **Target 2:** 1.05-1.07 THB (+7.1% - +9.2%)
- **Stop Loss:** 0.85 THB (-13.3%)
- **Risk/Reward:** 1:2.5
BEYOND SECURITIES PCL (BYD) - ACCUMULATION PHASE**
- **Current Price:** 0.36 THB
- **Target 1:** 0.45 THB (+25%)
- **Target 2:** 0.52-0.54 THB (+44% - +50%)
- **Stop Loss:** 0.34 THB (-5.6%)
- **Risk/Reward:** 1:4.5
Technical Analysis**
NEX Analysis:**
Bullish Signals:**
- Price recovering from 0.85 support level
- RSI at 78.12 showing strong momentum (though overbought)
- Volume confirmation at 1.56M
- Breaking above key moving averages
Risk Factors:**
- RSI in overbought territory - potential short-term pullback
- Need to break 0.98-1.00 resistance convincingly
Key Levels:**
- **Immediate Resistance:** 0.92, 0.98-1.00
- **Major Resistance:** 1.02, 1.05-1.07
- **Support:** 0.85, 0.90
BYD Analysis:**
Bullish Signals:**
- Bouncing from critical support at 0.35
- RSI at 42.68 - plenty of room for upside
- Consolidation pattern forming - accumulation phase
- Low volume suggests institutional accumulation
Growth Potential:**
- Multiple resistance levels provide staged profit-taking opportunities
- Strong risk/reward ratio due to tight stop loss
**Key Levels:**
- **Immediate Resistance:** 0.43-0.45
- **Secondary Resistance:** 0.48-0.50
- **Major Resistance:** 0.52-0.54, 0.58-0.61
- **Critical Support:** 0.34-0.36
Time Horizon: July - August 2025
Expected Scenarios:
Bull Case (70% probability):**
- NEX reaches 1.05+ as tech sector recovery continues
- BYD breaks 0.45 and moves toward 0.52 on improved sentiment
- SET Index supportive environment
Base Case (20% probability):**
- Sideways consolidation within current ranges
- NEX: 0.90-1.02 range
- BYD: 0.36-0.45 range
Bear Case (10% probability):**
- Market correction affects small caps
- NEX retests 0.85 support
- BYD falls below 0.34
Trading Strategy
For NEX:
1. **Entry:** Current levels (0.98) or on pullback to 0.94-0.95
2. **Position Size:** 2-3% of portfolio
3. **Take Profit:** 50% at 1.02, 50% at 1.05+
4. **Stop Loss:** Strict at 0.85
For BYD:
1. **Entry:** Accumulate between 0.36-0.38
2. **Position Size:** 3-4% of portfolio (higher conviction)
3. **Take Profit:** 30% at 0.45, 40% at 0.50, 30% at 0.54+
4. **Stop Loss:** 0.34
Catalysts to Watch
Positive Catalysts:
- Q2 2025 earnings season results
- SET Index breaking key resistance
- Sector rotation into small caps
- Economic recovery momentum
Risk Factors:
- Global market volatility
- Thai economic data disappointments
- Profit-taking in overbought conditions
- Liquidity concerns in small caps
