Technology continues to dominate the market this year. It is the best-performing sector so far in 2018, up 14 percent and massively outperforming the broader market, which has risen 4 percent in the same time period. As tech stocks continue to surge with many sitting near record highs, one technician says there are three names in particular that have even more room to run. "I hold positions in all three, and I think there are some interesting levels that will act as a traction," Todd Gordon, founder of TradingAnalysis.com, said Thursday on CNBC's "Trading Nation."

The media monster

First, Gordon pointed to media behemoth Netflix. Taking a look at a short-term chart of Netflix, Gordon explained that there have been a lot of good trends. Using the Elliott Wave Theory, he said that Netflix's stock is currently in the third wave and looks poised to break through $400. The theory is the idea that stock prices typically move in five waves. According to the theory, after a big run-up, a stock will see a correction and fall down to support before bouncing back upward toward resistance. In Netflix's case, the shares are making a move up toward the top of the uptrend channel, according to Gordon. "You're looking at a $415 target." Netflix's stock has rallied more than 100 percent in 2018 and is currently sitting about 1 percent from its all-time high.

Chip rip ahead

Next, Gordon took a look at chip giant Nvidia. While it is "not as strong of a chart as Netflix, it certainly looks solid," he said. Using the Elliott Wave Theory again with Nvidia, Gordon said that much like Netflix, the stock is currently in its third wave and making a move up toward the upper end of the channel. Gordon illustrated that if you calculate the stock's distance traveled in the first wave, it oftentimes makes a similar move in its third wave. In this case, "I think Nvidia's got $300 in the tank." Nvidia shares were trading around $265 midday Friday.

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