| 
July 03, 2023- 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. Tesla stayed on track Friday: after finishing Thursday at $257.5, the trendy EV maker went up by 1.66% Friday and remained at the $261.77 level.
Elon Musk's EV company has appreciated 148% over the past six months.
Chart analysis indicates Tesla could be slowing down soon as it approaches resistance at $264.18. Of course, crossing it might suggest further gains are ahead.
This rally in Tesla's share price coincided with other consumer discretionary stocks as McDonald's traded at $298.41 after closing Friday's trading day at $294.47 (up 1.34%). Amazon was up 1.92%.
Tesla went up Friday, yet these consumer discretionary stocks did not follow — Nike lost 2.65% Friday and closed at $110.37.
Upcoming fundamentals: United States ISM Manufacturing PMI (Jun) is expected today at 14:00 UTC.
