part of the Simple Approach series
One of the Earnings reports this past week was in $PVH Corp. The reaction was negative and it ended the week unable to overtake the $120 level. For those traders with no position, consider this Daily chart:
Above you can see that RSI is probing the key 30 level. Notice what happened to price the past 2 times it probed this level. Using RSI as a Buy signal it looks like a spot to initiate a new long position. Use your own Stop setting according to your process.