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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Efficient Market Hypothesis
Which statement is incorrect
A. Fundamental analysis cannot generate abnormal return consistently if markets are weak-form efficient.
B. Technical analysis cannot generate abnormal return consistently if markets are weak-form efficient.
C. Momentum effect is evidence against the weak-form efficient market hypothesis.
D. Reversal effect is evidence against the weak-form efficient market hypothesis.
You must obviously have an answer to this question in the same book in which you found the question, so ask about what it is about the answers that you are not clear about.
(The momentum and reversal effects are not tested in Paper FM).