IMM chart - TA only

I couldn't see a previous chart thread so I have started one. I posted about the chart in the other threads but the cheer squad refused to accept my call that the gap from the original news and pump last week would close. Well here we are back in the 30s (albeit just) and I think more work to close that gap to 30 will occur next week.

the price was stuck in no mans land after the initial gap up and hasn't been able to make any further moves stick. the daily chart doesn't really do it justice so I've shown the 4 hourly chart which shows there is a descending triangle formed and the break out of that range has occurred which to me suggests further downside. all of the moving averages have turned down and there is a death cross on the 15 and 30 which validated the bearish sentiment.

it may take a bit of time to recover but I suspect low to mid 30s are a chance before we go back up.

note to the cheer squad - I like this stock it has great potential and I do want to invest long term but I also want to maximise my gain via an entry price. this commentary is purely TA and related to the chart, not FA.

interested in what others see on the chart at present.