Synear – another stock breaking out from triangle!

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Synear had a breakout from triangle and closed above $0.28 resistance. If the stock price can hold above this resistance line for the next few days, $0.28 will become a very strong support line.

All Standard Six Technical Indicators shows Bullish Convergence.
Base on Q2, 2009 financial report:
PE = 8.9
Dividend Yield = No Dividend.
NAV = $0.4778
Net Earning = 10.5%
Current Ratio = 7.48
ROA = 7.1% (Base on 2008 Full Year)
ROE = 7.7% (base on 2008 Full Year)
Cash Flow = S$235 Million (41% increase with reference to 2008 Full Year)
Stock Background
3 years historal high = $2.44
Current Price = $0.285 (only 11% of 3 years high)
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