Siemens (A consolidation before a continuation ?)

Siemens has beautifully been following its 50 EMA which is considered to be a good support zone for a trend and has reversed from it as early as 3 days back maintaining its upward trajectory. However after a long time the stock actually made a lower high instead of a higher high indicating a possible change in trend. However for now it has been negated by a reversal from the 50EMA. It will be crucial for the stock to make another higher high to negate the bearish sentiment and resume a new trend on the upward end.
On the lower side the 50 and the 200EMA are very close showing strong support for the stock. A breach of either of the red lines would lead to further continuation on the side of the breach.
Results season will drive sentiments and fundamentals will have a bigger role to play for now because of constant flux of news on the industry and companies declaring results.
Trade with Caution