Trend Table for TIMB - TIM S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 25	C	Weak or Absent	Up	Flat	Flat	-17.78%
Jan 24	D	Weak or Absent	Up	Flat	Flat	-17.50%
Jan 23	C	Weak or Absent	Up	Flat	Flat	-17.64%
Jan 22	D	Weak or Absent	Up	Flat	Flat	-17.22%
Jan 19	B	Weak or Absent	Up	Up	Up	-18.52%
Jan 18	B	Weak or Absent	Up	Flat	Flat	-17.64%
Jan 17	A	Weak or Absent	Up	Up	Flat	-17.69%
Jan 16	D	Weak or Absent	Up	Down	Down	-16.56%
Jan 12	C	Weak or Absent	Up	Up	Flat	-18.24%
Jan 11	C	Weak or Absent	Up	Flat	Down	-16.61%