Let's face it.  This market is a long killer.  It mayh sound a bit off the wall, but I truly believe that SanDisk Corporation (SNDK) is a buy. Is there really any reason to think SNDK is not attractive at these levels? Ask yourself a few questions:

Is this company in a "monster market?"  Will demand for their products continue to rise?  Are the margins on their product attractive from a fundamental standpoint?

I can go on all day. The answer is yes to all of the above. Think of it this way, SNDK makes flash memory storage devices for the likes of digital cameras, mobile phones, gaming devices, USB drive, etc.  Do you really think these products are going anywhere anytime soon?

There's a page from my fundamental reasoning, now let's take a look at SNDK from a technical standpoint.

The stock recently formed an ascending triangle, and broke through the bearish side of the triangle. The stock has since moved lower and completed the expected move, $11, after breaking out of the triangle. We now have extremely low RSI levels, and support coming up at 48.  Not to mention the major psychological barrier at 50.  I like the stock, and I'm sticking my neck out saying it's time to buy it in this market environment.

Andy Swan is co-founder and head trader for DaytradeTeam.com.  To get all of Andy's day trading, swing trading, and options trading alerts in real time, subscribe to a one-week, all-inclusive trial membership to DaytradeTeam by clicking here.