On August 3, in the first part of the stock exchange day in Warsaw, the Warsaw Stock Exchange Index broke the historic record obtained on June 28 this year. Investors are increasingly hoping that the main WSE indices will leave broad consolidation. From the beginning of June, they are waiting for a stronger upward impulse and entry into another, dynamic boom wave.
In early June, the prices of Polish stocks lost their upward momentum. A very delicate, but tiring correction took place, with which we entered the holiday season. Its range on the WIG was 65,203-68,148 points and on the WIG20 2,189-2,293. If at the end of the day it was possible to maintain the gains and definitely close the quotations in Warsaw above the previous WIG record, then leaving such an extensive formation could bring about rapid increases in indices by a minimum of 4 percent. This is what the basics of chart analysis suggest. However, this would be a very clear signal confirming the long-term boom on the WIG, the ranges of which can be impressive.
Optimism can be seen among CMC Markets clients operating through CFDs on Polish shares and Poland20. 74 percent of the most effective clients (with profits for the last 3 months) operating on this instrument have open positions for growth. There is also an advantage of optimists among all clients. As many as 66 percent of clients have positions for growth. Further, on individual Polish shares via CFDs, in the case of many companies, there are no open positions at all for the decline.