Small Cap FORM Holdings ($FH) Nearing Breakout Level

FORM Holdings Corp. (NASDAQ:FH) has been on my radar for some time because of their unique wireless phone charger that will work with the iPhone. Considering Apple Inc (AAPL) says it has no plans to offer a wireless charger in the near future, the potential here is sky high. The stock has been chopping around $1.50 and $2.00 for some time but looks to be consolidating for a major breakout. Notice the chart below and the trend line + 200 daily moving average. Any price breach of that level (around $2.35) and FORM Holdings it breaks out. The potential upside is big with a target ranging from $2.85 - $3.25. Remember, it needs to break $2.35 on the daily to trigger the upside potential.