[RagingBull Elite](
Undefined,
Tech stocks have been roaring back toward all-time highs.
Tech leaders, like AAPL and AMZN, may have sparked the market selloff in September.
[But the narrative has changed.](
Anticipation over AAPLâs iphone release and AMZNâs Prime Day, have pushed these leaders up again.
Thatâs why Jeff Bishop is about to [reveal some of his top tech sympathy plays here.](
But for now, hereâs a look at 3 tech names that just popped up onto his watchlist:
Baidu Inc (BIDU):
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Baidu operates an internet search engine. In other words, itâs Google of China
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Yesterday's technical breakout of the stock attracted the attention of a lot of traders. The stock went from $126 to the highs of $138.98 in 3 hours
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The stock has been in a tight consolidation for around 3 months and now finally broke above the top of the range on strong volume. We believe that BIDU has much more upside to go: 52 week highs are at $147.38 and itâs more than 50% off its all-time highs of $284.22
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We think this is a great medium to long term trade. We will be looking to buy this one on dips as long as $130 area holds. We believe we could see the retest of $147 soon
Advanced Micro Devices (AMD):
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AMD produces semiconductor products and devices. The stock has been lagging behind its main rival NVDA for the past few months
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One of its most expected products, Ryzen 5000 desktop CPU is set to hit retail shelves on November 5th. Rumor has it that AMD will launch a more affordable version in early 2021
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We think AMD deserves some attention here given the relative strength it has shown during the recent market pullbacks
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Technically, we think this is a great medium term trade. With strong support at $80 area, it seems to be only a matter of time before it resumes its run to retest 52 week highs of $94.2. We believe AMD will break out and test $100 within 12-14 weeks
Shift4 Payments (FOUR):
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Shift4 provides payment processing solutions for customers in the US. The stock opened for trading at $33.1 on June 6 after the IPO and is now trading at around $54
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With the tailwind of e-commerce and online transaction growth during the global quarantine, payment processors have been very strong. Stocks like PYPL and SQ are trading near their all-time highs
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We think FOUR is the play in the sector that hasnât run out of steam yet: there are 6 outperform analyst recommendations by top tier banks
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We are looking to buy this on dips with a stop at $50 area. We think we could see $75 easily given the payment sector and broader tech sector strength
If you liked these setups, we suggest you check out [Jeff Bishops High Octane trading service.](
Over the next few weeks, Jeff is going to use his special âOctane Screenerâ to hunt down tech plays.
The best part?
[Jeffâs slashing the price of his High Octane trading service with a never-before-seen 50% discount.](
But you have to hurryâ¦
[This 50% off deal expires here on Friday.](
YOUR TWO DAY TRADING WEEK
IS HERE!
Nate Bear Just Sat Down To Unveil
Double Down
Heâll Reveal How Traders Could
Double Their Money Twice per Week
[Watch](
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To Your Success,
The RagingBull Team
RagingBull, LLC
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