Question: Please help me this question with clear explaination: Research documents that firms with high historical returns in the last six months will continue such performance

Please help me this question with clear explaination:

Research documents that firms with high historical returns in the last six months will

continue such performance in the next six months, which is termed as momentum in

literature. How will you explain this finding if you believe in EMH (Efficient market hypothesis)? What will be your explanation if you believe in behaviour finance?

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