First Resource after hitting the high of 2.13 on 30th Mar 2016 it had since continued to trend lower to touch 1.62 on 17th June 2016. This is rather bearish.
The current price is hovering below the SMA lines which is generally quite negative.
Also both Macd & Rsi are showing sign of a negative divergence which may be a tell tale sign that the share price may continue to trend lower.
Today closed lower at 1.62 couple with high volume is also a sign of weakness.
Short term wise looks like it may continue to trend lower towards 1.55 then 1.50 with extension to 1.455.
(trade base on your own decision)
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