Are you tired of only hearing about mega-cap tech stocks like Nvidia, Apple, and Microsoft? While these giants have market caps over $3 trillion, there are some hidden gems in the tech sector that investors may be overlooking.
At Extreme Investor Network, we believe in uncovering the breakout opportunities that may be flying under the radar. While Nvidia and Apple have seen impressive gains since April, there are other S&P 500 Technology Sector components with equally compelling chart patterns.
One such stock is Roper Technologies (ROP), a software company flirting with new all-time highs. With multiple failed attempts to break through the $560-level, ROP is now showing signs of a potential breakout. The stock has recently broken through a bullish inverse head and shoulders pattern, with an upside objective near $590.
TE Connectivity (TEL) is another stock on our radar, showing strength since hitting a low in October 2022. After breaking out from an inverse head and shoulders pattern last fall, TEL is nearing its target of $153. With a cup and handle pattern triggering a higher objective at $175, this stock has the potential for further growth.
Lastly, Microchip Technology (MCHP) is a semiconductor stock with a history of strong rallies and retracements. By analyzing its past behavior, we can identify potential opportunities for a bounce back to former highs near 100.
At Extreme Investor Network, we believe in digging deeper to uncover hidden opportunities in the market. Don’t miss out on these compelling chart patterns that could lead to significant gains. Stay ahead of the game with our expert analysis and insights. Visit our website today to learn more.