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Suppose David, a swing trader, sees CENTUM Ltd. continuously decline on Mondays and increase in value on Fridays. He may assume he can profit if

Suppose David, a swing trader, sees CENTUM Ltd. continuously decline on Mondays and increase in value on Fridays. He may assume he can profit if he buys the stock at the beginning of the week and sells at the end of the week. If, however, Centums price declines on Monday but does not increase on Friday, the market is considered as what type of efficiency

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