Trend Table for TIMB - TIM S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 26	B	Strong	Up	Up	Up	-21.33%
Dec 22	B	Strong	Up	Up	Up	-20.47%
Dec 21	B	Strong	Up	Up	Flat	-19.70%
Dec 20	B	Strong	Up	Up	Flat	-19.79%
Dec 19	B	Strong	Up	Up	Up	-21.11%
Dec 18	B	Strong	Up	Up	Up	-20.73%
Dec 15	B	Strong	Up	Up	Flat	-18.73%
Dec 14	B	Strong	Up	Up	Up	-21.32%
Dec 13	A	Strong	Up	Up	Up	-20.35%
Dec 12	A	Strong	Up	Up	Up	-17.97%