Required on a technical level (IHL had a hard run);
Required on a psychological level (assume many investors/traders are waiting to see 'red' first, in order to take up a position);
Is forming a base at .37c and is about to reverse. (Take into consideration, if you accept that brokers in Dubai are buying a "decent slab", as per @Chaya's post DUBAI POST, current time in Dubai is 5:00 AM in the morning.
Again, all in my personal opinion, do your own research. Good luck.
IHL Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held