Electric vehicles continue to grow in popularity. As the sector and adjacent markets enter the mainstream, it presents a treasure trove of opportunities for investors. Earlier this week, Schaeffer's Investment Research's Senior Market Strategist Matthew Timpane was a featured presenter at the Benzinga Electric Vehicles Conference. You can view the entirety of his presentation here.

Timpane's slot was so well received, we wanted to further highlight the EV stocks he discussed. We first looked at an EV exchange-traded fund, and now we're going to explore an ETF adjacent to the EV industry.

Matthew: Another ETF is the Global X Lithium & Battery Tech ETF (LIT). LIT is up 33% year to date, in the midst of another great year for that long term exposure that you want from the EV industry. It has about $5 billion in assets and two of its largest holdings, Elba Merrill and BYD are two companies I'm pretty bullish on in the long term.

LIT recently found support at the 20% year-to-date level, which just happened to be near its 80-day moving average. Throughout time this has been a significant moving average for the ETF, it caps gains when it's going through a little bearish phases, and it's also marked plenty of bottoms throughout time when it's in a bullish phase. If it did break down in the next year, I'd be looking at the $75 mark.

That 361% Fibonacci extension level already found support there once earlier in the summertime. That could be a good area to add exposure to this ETF. Many call this double top.

You can see the formation of a big base area. So if you even if LIT pulls back a little bit, if it breaks out over this level you'll start seeing that outperformance once again. I don't think this is a move that's going to be going anywhere shortly; it's going to be a lot around for a long time.