Tesla zeroing in on key resistance at $264.18 and $266.6 thereafter

• Price action oscillating around key resistance at $264.18

Tesla has posted further gains as part of a 5 day trend that has already seen the stock gain $16.45. Friday's session pointed in the same direction — Tesla rallied 1.66% and ended the session at $261.77.

The past 6 months have been positive for Elon Musk's EV company as it appreciated 148%, having traded as low as $108.1.

Support/Resistance levels obtained from chart analysis indicate that Tesla price action is currently oscillating around the $264.18 resistance level with prices moving above and below several times during the session.

This rally in Tesla's share price coincided with other consumer discretionary stocks as McDonald's was up 1.34%. Amazon added 1.92% to its value, and traded at $130.36.

Tesla went up Friday, yet these consumer discretionary stocks did not follow — Nike went down 2.65%, closed at $113.37.

Upcoming fundamentals: United States ISM Manufacturing PMI (Jun) will be released tomorrow at 14:00 UTC.