Pre IPO Alibaba announced second public listing in Hong Kong had got me excited about this stock again. The listing will be the biggest IPO listing in HKSE. I had been "hibernating" since I sold out all my BABA shares back in Feb 2019 for $180. You can click on my link below to read about this trade back in early 2019. Previous Posting link ALIBABA 2019 ....... Feasting with 40 Thieves (Part-1) The major Setup Back in Oct 2019 it was trading at around $160-$170 range, same level as 2017. In my opinion, this stock is way under-value, the company's revenue and profit have been growing at North of 40% every year and yet the share price stuck at 2017 level. For me, this is a perfect setup for major breakout. Just like a pressure cooker, you keep pumping steam (profit) into same pot size never increase (Stock price). It will going to pop anytime when you lift the lit. There are 2 major events took place...