A break below the support (lower ascending ), could see us test R193.60, with a break through those levels, most probably testing the R185.60 levels again.
A break above the resistance (upper descending ), could formally break and keep us in the R200 levels, with R211.30 being my first target. A break through those levels, could possibly take us back to R218.30.
On 7 March 2019, $JSEREM formally had a Golden Cross, which makes a case for the price movement.
According to Thomson Reuters consensus, analysts currently have a price target of R236.67 (19% upside) and a 1yr forward PE of 9.5 times.