BALTIMORE (Stockpickr) – The broad market is kicking off November in "bounce mode", with the big S&P 500 Index nearly 8% higher than today than it was just two weeks ago. To put that in perspective, more than three quarters of 2014's year-to-date gains have gotten put back onto the S&P within just the last two weeks.

And the tech and telecom sectors are leading the way higher.

So, as the big market indices test new all-time highs to start November, it makes sense to focus on the strongest stocks within the sectors that are already outperforming. To do that, we're taking a technical look at four technology and telecom sector trades to grab for gains this week.

For the unfamiliar, technical analysis is a way for investors to quantify qualitative factors, such as investor psychology, based on a stock's price action and trends. Once the domain of cloistered trading teams on Wall Street, technicals can help top traders make consistently profitable trades and can aid fundamental investors in better planning their stock execution.

Without further ado, let's take a look at four technical setups worth trading now.

Gogo Inc.

Up first is in-flight Wi-Fi provider Gogo Inc. (GOGO - Get Report) . There's no two ways about it – Gogo had a rough start to the year, tumbling more than 33% since the calendar flipped to January. But buyers could soon have their patience rewarded. That's because GOGO looks close to a major breakout this fall…

Gogo is currently forming an ascending triangle pattern, a bullish price setup that's formed by horizontal resistance above shares at $20, and uptrending support to the downside. Basically, as GOGO bounces in between those two technically-significant price levels, it's getting squeezed closer and closer to a breakout above out $20 price ceiling. When that happens, we've got a buy signal.

If you decide to be a buyer on the $20 breakout, I'd recommend putting a protective stop on the other side of shares' most recent swing low at $14. Don't be early on this trade – it doesn't trigger until shares can catch a bid above that $20 level.

China Telecom Corp.

You don't have to be an expert technical analyst to figure out what's going on in shares of $50 billion telco name China Telecom Corp. (CHA - Get Report) -- the setup in this stock is about as straightforward as they get. CHA has been bouncing its way higher in a well-defined uptrending channel since the middle of March, ratcheting more than 53% higher along the way. But don't worry if you missed the move; there's still time to buy the bounce in CHA.

The price channel in China Telecom is formed by a pair of parallel trendline support and resistance levels that identify the high-probability range for shares to stay within. Put simply, every touch of trendline support has been a low-risk opportunity to get into shares. So, with CHA testing that support line for the seventh time this year, it makes sense to buy the next bounce.

The 50-day moving average has been a good proxy for support on the way up – it's a logical spot to park a protective stop below. Don't get thrown off by the abundance of gaps on China Telecom's chart right now. Those gaps, called suspension gaps, are caused by overnight trading on the Hong Kong Stock Exchange. They can be ignored for trading purposes.

Wipro Limited

$22 billion tech name Wipro Limited (WIT - Get Report) is another foreign stock that's been bouncing its way higher in an uptrend for most of 2014. Like with China Telecom, the buy signal in Wipro comes on the next bounce higher off of trendline support. That means it pays to be patient if you're looking for a low-risk buying opportunity in WIT this fall.

Waiting for a bounce off of support is a critical test for two big reasons: it's the spot where shares have the furthest to move up before they hit resistance, and it's the spot where the risk is the least (because shares have the least room to move lower before you know you're wrong). Remember, all trend lines do eventually break, but by actually waiting for the bounce to happen first, you're ensuring WIT can actually still catch a bid along that line before you put your money on shares.

Momentum, measured by 14-day RSI, adds some extra confidence to upside in WIT. That's because our momentum gauge has been making higher lows over the course of the price uptrend, an indication that buying pressure continues to build in shares. Since momentum is a leading indicator of price, that uptrend is good news for Wipro bulls.

LG Display Co Ltd.

Last, but certainly not least, is Korean tech manufacturer LG Display Co Ltd. (LPL - Get Report) . LPL has been correcting since the last week of August, failing to participate in the broad market rally that's propelled stocks higher in recent weeks. But that could be about to change, thanks to a classic technical setup that's been forming in shares of LPL for the last month. LG Display is starting to look "bottomy" in the short-term.

LPL is currently forming an inverse head and shoulders pattern, a bullish setup that indicates exhaustion among sellers. You can spot the inverse head and shoulders by looking for two swing lows that bottom out around the same level (the shoulders), separated by a bigger trough called the head; the buy signal comes on the breakout above the pattern’s “neckline” level (that's the $16 price level in LPL).

Lest you think that the invesrse head and shoulders is too well known to be worth trading, the research suggests otherwise: a recent academic study conducted by the Federal Reserve Board of New York found that the results of 10,000 computer-simulated head-and-shoulders trades resulted in “profits [that] would have been both statistically and economically significant.” That’s good reason to keep a very close eye on LPL this week.

To see this week's trades in action, check out the Technical Setups portfolio on Stockpickr.

-- Written by Jonas Elmerraji in Baltimore.

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At the time of publication, author had no positions in the names mentioned.

Follow Jonas on Twitter @JonasElmerraji

Jonas Elmerraji, CMT, is a senior market analyst at Agora Financial in Baltimore and a contributor to TheStreet. Before that, he managed a portfolio of stocks for an investment advisory returned 15% in 2008. He has been featured in Forbes, Investor's Business Daily and on Jonas holds a degree in financial economics from UMBC and the Chartered Market Technician designation. Follow Jonas on Twitter @JonasElmerraji.