Tesla zeroing in on key resistance at $264.41 and $271.54 thereafter

• Upward momentum including 2.4% gain insufficient to breach pivotal resistance level at $264.41

Tesla has posted further gains as part of a 4 day trend that has already seen the stock gain $16.45. Heading in the same direction for now — the trendy EV maker gaining 2.4% and hovering around the $263.69 level.

Elon Musk's EV company is now trading 138.21% above the significant low ($108.1) it slumped to 5 months ago.

Chart analysis indicates after reaching the known resistance zone beginning at $264.41, Tesla price action retreated approximately 72 cents.

Fundamental indicators – United States Core PCE Price Index (YoY) (May) came out at 4.6, while a consensus of analysts was expecting 4.7.

A look at other consumer discretionary stocks also shows bullish price action as Amazon gained 1.85%, currently at $130.26. McDonald's added 1.06% to its value, now trading at $297.6.

While Tesla is higher so far today, these consumer discretionary stocks are struggling: after closing the previous session (yesterday) at $113.37, Nike lost $2.95 and is trading around $110.42.