Performance metrics and trade details for HSAI breakout.
In a choppy downtrend market, a group of China stocks showed strong relative strength in February and March 2025. Hesai Group ($HSAI) reported earnings on March 10, 2025, with triple-digit earnings growth.
The next day, news broke that Mercedes would integrate Hesai’s LiDAR technology into its vehicles, triggering massive buying interest.
The stock gapped up 16% at the open. A solid entry appeared when the stock broke above the first-minute open range high (ORH). Using the low of the first-minute bar as a stop loss resulted in a manageable 5.4% risk—half of this high-beta stock’s 10% ADR.
The stock maintained strong momentum, and by midday on March 11, the trade had delivered a 17% gain.
