Hesai Group (HSAI) is a leading provider of LiDAR technology, specializing in advanced sensor solutions for autonomous vehicles, robotics, and industrial applications. The company’s high-performance LiDAR systems enhance navigation, safety, and efficiency in self-driving cars and smart infrastructure. As demand for autonomous technology and AI-powered systems grows, Hesai Group is well-positioned to expand its market presence and drive innovation in the evolving mobility sector.
The stock chart recently displayed a confirmation bar with rising volume, pushing the price into the momentum zone, which occurs when it moves above the 0.236 Fibonacci level. This signals strong investor confidence and suggests the potential for continued upside as buying interest strengthens.
A trailing stop is a strategy that helps traders protect profits while allowing a stock to continue trending higher. Unlike a traditional stop-loss, which remains fixed, a trailing stop moves up with the stock, securing gains while leaving room for additional upside. Fibonacci levels are often used for setting trailing stops because they serve as natural support areas during uptrends. By placing a stop near Fibonacci retracement levels, traders can stay in the trade while effectively managing risk if momentum slows.
The stock chart recently displayed a confirmation bar with rising volume, pushing the price into the momentum zone, which occurs when it moves above the 0.236 Fibonacci level. This signals strong investor confidence and suggests the potential for continued upside as buying interest strengthens.
A trailing stop is a strategy that helps traders protect profits while allowing a stock to continue trending higher. Unlike a traditional stop-loss, which remains fixed, a trailing stop moves up with the stock, securing gains while leaving room for additional upside. Fibonacci levels are often used for setting trailing stops because they serve as natural support areas during uptrends. By placing a stop near Fibonacci retracement levels, traders can stay in the trade while effectively managing risk if momentum slows.
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link.traderspro.com/kuPneCQK
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Read on substack
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link.traderspro.com/f39nzb0t
Daily email newsletter
link.traderspro.com/kuPneCQK
Top daily idea articles
link.traderspro.com/4aKGhiHD
Read on substack
link.traderspro.com/k2r16ljr
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.