One of the stocks I am stalking currently is ABV (Ambev). It has been churning here above the 33 level today, as I watch it on the 5 minute chart, and seemed to be a good candidate for an RSI buy post.
As you can see here this stock has given you several entry points as the RSI neared and/or touched the 30 level. Today was no exception.
So for intraday trading, one can use this as a simple approach to attaining a solid long entry.
Trade ’em well.