Can Semiconductor Stocks Withstand an Oil Shock?
Semiconductors have led stocks higher since the AI rally began, but they may face new risks as oil prices jump.
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Schlumberger has been sliding for more than a year, and some traders may see further downside risk.
The first pattern on today’s chart is the series of higher lows between mid-December and early January. The oilfield-services company dipped below …
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Schlumberger (SLB), daily chart, with selected patterns and indicators, courtesy of TradingView.