William,
Such a wrinkled appearance does indeed indicate that the plant is not taking up enough water, however, there are two, completely different reasons that can happen:
- They are simply not getting enough water in the first place, or
- The root system is compromised in some way, so is incapable of taking up water.
The bark mix in the photos looks fresh & pretty coarse, so it probably doesn't hold a lot of water yet, which suggests number one is a possibility. However, daily watering, coupled with the way you described your fertilizer use, worries me, and makes me think that second reason might be playing a role.
Don't get me wrong, daily watering might be appropriate in a very coarse mix, but as it breaks down and gets compact, it can suffocate the roots, killing them. Likewise, a regular fertilizer application is a good idea, but you have to pay attention to frequency
and concentration (which you did not mention), or you can damage the roots.
That third photo shows new leaves that actually look pretty good, so maybe this is a problem you have already fixed. We'll need a lot more details to give good advice, otherwise it's all speculation.