TSLA is breaking out from a bullish triangle

Tesla (TSLA), the fourth-largest holding in the Global X Lithium & Battery Tech ETF (LIT), is attempting a breakout from a 3-month bullish triangle pattern. A sustained move above 340 would confirm this breakout and point to potential upside targets near 400 and the low 420s.

Daily moving averages provided key support ahead of this push higher and are rising near 335-321 to underpin TSLA’s improving technical setup. Additionally, the volume advance-decline indicator—an enhanced form of on-balance volume—has also broken out, confirming TSLA’s bullish price action.

This follows our post yesterday highlighting a developing double bottom in LIT, which sets up a potential bullish turn across the lithium and battery tech space. Stay tuned...