In answer to your question, no I didn't take any profits.
Although some would say this is a mistake, as I've stated on this forum several times in the past, I view my holding as a long term one which I don't intend to play around with for quite some time.
If I was trading it, then I would think that around 30/31c would be a pretty good re-entry point for 2 reasons. One is that it is where the old downtrend resistance comes in and the share price should now find support. The other reason is the daily RSI is back to near 50 (51.4 in fact) vs the 76 of last week.
When a stock goes into a bullish uptrend I often find that the RSI coming back to about 50 is not a bad indicator that the stock is sufficiently rested and again represents good value eg if you check the bullish MAK chart you will see an example of what I mean.
Having said all this, I do not claim to be a professional chartist so please bare that in mind.
Hope that sort of answers your questions.
AQD Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
