Morning Fid, the chart is starting to display a 'watch n act'...

Morning Fid, the chart is starting to display a 'watch n act' moment.

The follow is 'All in my opinion only' and not advice to act in anyway.
Sentiment is shot at the moment with IMU, why, well one only have to read the negativity in the threads and the market place to understand that IMU and other penny stocks are up against it at the moment. The markets appear to be at all time highs, but this is just 2000 all over. Tech and AI stocks are masking the real issues. IMO. So subsequently IMU is caught up in the downward spiral.

As for the IMU chart, one has to look for signs of life. I am certainly seeing some plateau in the SP in the mid 5s, but a buy signal, not quite yet.
The BBs are resetting, but again the SP could go either way with good or bad market conditions, +or- Ann, sentiment, etc.
I haven't seen a true reversal candle yet.
Volume has increased to approx 20M/day, but mostly selling volume, that is needs more green and amount. IMO.
RSI is showing signs of life, maybe a climb out of the low 30s, if this continues up to 40 the 50, then it may become a 'buy' again.
Candles are still between the 8ema and lower BB.

Summary, for me, a sit on my hands to wait for a clear signal. In approx this order;
RSI climb
candles cross the 8ema and then 20sma
8 to cross the 20, this takes approx 4-5trading days, not 8 as it is weighted to the lastest data.
volume to really kick in, 50M

Lastly, note on the weekly chart, IMU is only just approaching oversold. leave that thought with you all.
All the best, and good luck!
Please do your own research, and have patience. It's a spec stock after all.