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Suppose you are an avid follower of Tesla stock and you note that the stock price always increases two days then drops for one day:
Suppose you are an avid follower of Tesla stock and you note that the stock price always increases two days then drops for one day:
1- What would market efficiency theorists say about your ability to earn excess profits by purchasing when the stock price is low and selling when it is high?
2- What form of market efficiency refers to patterns in stock price changes?
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