The search for patterns in stock market prices is nearly irresistible, and the ability of the human eye to discern apparent patterns is remarkable. Unfortunately, it is possible to perceive patterns that really dont exist.

(Bodie, Kane and Marcus, 2020)

Required:

In the context of this quotation, critically discuss the extent to which you believe that patterns exist in the prices of shares traded on emerging stock markets that could be exploited to generate a profitable investment strategy.