KUALA LUMPUR (Nov 22): RHB Retail Research said Yoong Onn Corporation Bhd may soon test the RM1.27 level after its latest bullish white candle.

In a trading stocks note today, the research house said traders may buy above this point with a target price of RM1.37, followed by RM1.50.

“The stock may turn sideways if it cannot breach the RM1.27 mark in the near term.

“In this scenario, support may be found at RM1.13, where traders can exit upon a breach to avoid the risk of a further correction,” it said.