SET: 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
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.