Morning Trend | HESAI-W Risk Exposure Expands, Is Major Movement Coming?

Hesai Technology -W (2525.HK) has recently shown weak performance, with the downward trend continuing. The daily MACD is in a bearish arrangement, forming a death cross, and downward momentum is strengthening. The moving average system is biased towards bearishness, with the stock price sliding along the 5-day moving average, maintaining a downward trend in the short term. Trading volume continues to shrink, with clear signs of capital outflow. From a fundamental perspective, the company's main product is lidar, which holds a certain market share in the fields of intelligent driving and automation equipment. Performance growth in the first half of the year has been under pressure due to intensified competition in the industry, uncertainties in overseas orders, and cost pressures. Although the technical route and policy support empower the company, major funds are becoming cautious in the short term, and speculative funds have not yet entered on a large scale. Observing the market, if major funds actively increase their positions in the near term, combined with external news stimuli, a short-term rebound cannot be ruled out. However, insufficient volume and technical pressure remain the main obstacles, and breaking below the low points may easily trigger follow-up selling pressure. Attention should be paid to whether the MACD can recover and achieve an upward reversal, as well as the timing of large fund inflows. Operational advice: It is not advisable to chase highs or cut losses; instead, wait for a clear signal of volume and price rising together after the risk exposure shrinks before making a low buy. Currently, major fund movements may be anticipated, but remain cautious until actual actions are seen, with stop-loss set at previous lows and important support levels. Overall, the short-term opportunities for Hesai Technology depend more on the coordination of major fund movements