Short term view - PROVIDENT FINANCIAL PLC : The moving average is supporting prices.
The trend is still bullish, the invalidation level is below 2,980.00 p. The target is at 3,397.00 p.Arguments :
- The support has been reached, it causes the bounce.
- The moving average is supporting prices.
Provident Financial operates in the non-standard credit market. Co. has three divisions, covering four areas of the non-standard market. The Vanquis Bank division is a supplier of credit cards in the non-standard credit market. The Consumer Credit Division includes Provident, which provides home credit loans; and Satsuma, which is an online instalment loan product. The Moneybarn division is involved in the provision of vehicle finance for people in the nonn-standard credit market.
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