Trend Table for TIMB - TIM S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 16	A	Weak or Absent	Up	Up	Up	0.79%
Aug 15	A	Weak or Absent	Up	Flat	Flat	1.26%
Aug 14	A	Weak or Absent	Up	Up	Up	0.59%
Aug 11	A	Weak or Absent	Up	Up	Up	-0.28%
Aug 10	A	Weak or Absent	Up	Up	Up	-0.47%
Aug 9	A	Weak or Absent	Up	Up	Flat	0.99%
Aug 8	B	Weak or Absent	Up	Up	Down	1.40%
Aug 7	C	Weak or Absent	Up	Down	Down	3.13%
Aug 4	B	Weak or Absent	Up	Flat	Down	2.08%
Aug 3	C	Weak or Absent	Up	Down	Down	3.91%