SIG pulls back to $115SIG has been trending lower for the past 4 months, and most recently the stock has started another rally. Since August, the $115 price level (blue) has become very important to the stock. You will notice on the chart that $115 was a key support in August and December, and then that level became resistance in the beginning of March. Now that SIG is back above that level, it should act as support again. The Tale of the Tape: SIG has a key level at $115. A trader could enter a long position on a pullback to $115 with a stop placed under the level. However, if traders are bearish on the stock, a short trade could be made instead on a break of the $115 support.Before making any trading decision, decide which side of the trade you believe gives you the highest probability of success. Do you prefer the short side of the market, long side, or do you want to be in the market at all? If you haven’t thought about it, review the overall indices themselves. For example, take a look at the S&P 500. Is it trending higher or lower? Has it recently broken through a key resistance or support level? Making these decisions ahead of time will help you decide which side of the trade you believe gives you the best opportunities.No matter what your strategy or when you decide to enter, always remember to use protective stops and you’ll be around for the next trade. Capital preservation is always key!Good luck!Christian Tharp, CMThttps://twitter.com/cmtstockcoach!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs");