When ALIBABA reached all-time-high in October 2020, it has begun retest the support zone (sunshine-coloured horizontal line). And this days ALIBABA is very near to the support zone which means that's potential break of downtrend. As you see from the chart that from October 31, 2018 ALIBABA's uptrend has started and it went on until October 27, 2020 (exactly 2 years or in a word: 728 days(!)) After that it begun downing and these days near to the support zone, moreover, since the all-time-high 342 days has passed (!) Nevertheless, I suggest you to look RSI indicator in 1D timeframe, and I believe that you know what is divergence.
All in all, wait until a trend-breakthrough. Good luck in trades, buddy.
All in all, wait until a trend-breakthrough. Good luck in trades, buddy.