Having target often means you will see the profit evaporates or turns into loss. The only reason that might make senses is ask yourself, will you buy at the current price or not assuming you have no position at all ? If answer is no, then close your position right away regardless if you have a profit or loss. Of course it is always easy to say than do.
My own personal rule is to sell half the position when it doubles, no exceptions. Therefore, in your case, I would sell three at .56 and let the balance of the position run. You can also write a call against what you have therefore locking in your profits and reducing your cost basis (net debit). If the 30 or 32 strike is at .28 then you can make your net debit $0 while still being able to play a $4 spread. Legging into spreads such as these are a great way to play naked calls. But I always sell half when it reaches that target, no exceptions ..... but that just works for me. Best of luck Duce
You can use: Technical Analysis Fundamental Analysis Portfolio management. Time contraints trailing stop