Hello traders, Barrie Einarson here! Today’s standout trade comes from none other than $HSAI (Hesai Group). If you’ve been following the markets, this one was an absolute stunner, making waves with massive price movement and volume. Let’s break it down and see what made this trade great.To Subscribe: https://go.trade-ideas.com/SHQ
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The Trade: $HSAI

• Alert Triggered at $5.87: Using my 10-day daily breakout scan, $HSAI popped up on the radar at $5.87.
• Performance: From that initial alert, the stock soared to an intraday high of $8.56, offering nearly a 46% gain!
• Volume Spike: The stock traded 35.87 million shares, blowing past its average daily volume of 523,610 shares. This is the kind of momentum traders live for.

$HSAI – What Makes This Trade Great!

Hello traders, Barrie Einarson here! Today’s standout trade comes from none other than $HSAI (Hesai Group). If you’ve been following the markets, this one was an absolute stunner, making waves with massive price movement and volume. Let’s break it down and see what made this trade great.

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The Trade: $HSAI

• Alert Triggered at $5.87: Using my 10-day daily breakout scan, $HSAI popped up on the radar at $5.87.
• Performance: From that initial alert, the stock soared to an intraday high of $8.56, offering nearly a 46% gain!
• Volume Spike: The stock traded 35.87 million shares, blowing past its average daily volume of 523,610 shares. This is the kind of momentum traders live for.

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Why Did $HSAI Break Out?

Hesai Group had strong fundamentals backing its performance:

• Q3 Earnings Beat: The company reported solid financials, with revenues of RMB 458.9 million (around $63.1 million) and lidar shipments totaling 86,526 units.
• Strategic Partnership: Hesai announced a collaboration with SAIC Volkswagen, integrating its lidar technology into automotive applications. Partnerships like this tend to ignite investor confidence and drive demand.

Key Chart Action

If you look at the chart, the breakout from $5.87 was confirmed with strong momentum and volume. Even after pulling back from its high of $8.56, the stock showed potential for more setups later in the day. This kind of price action is perfect for breakout and momentum traders.

Trading Strategy:

Here’s how I approached it:

1. Entry: I used my 10-day breakout scan with a 15-minute delay to avoid the market’s opening noise.
2. Exit: While experimenting with auto-trading entries, I managed the exits manually to lock in profits and minimize risk.

Pro Tip: Review the Scan

Take a screenshot of your alerts and study them! Tracking how stocks like $HSAI perform post-alert helps refine your strategy and identify repeatable patterns.

$HSAI was a textbook example of how momentum, fundamentals, and technicals can align for a fantastic trading opportunity. Don’t forget to stay disciplined and always manage your risk. See you in the next session, traders!