Trend Table for TIMB - TIM S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 3	C	Weak or Absent	Up	Down	Down	4.20%
Aug 2	B	Weak or Absent	Up	Up	Down	1.48%
Aug 1	C	Weak or Absent	Up	Up	Flat	1.28%
Jul 31	B	Weak or Absent	Up	Up	Up	0.34%
Jul 28	B	Weak or Absent	Up	Up	Up	-0.91%
Jul 27	A	Weak or Absent	Up	Up	Up	0.14%
Jul 26	A	Weak or Absent	Up	Up	Up	-2.44%
Jul 25	B	Weak or Absent	Up	Up	Up	1.01%
Jul 24	B	Weak or Absent	Up	Up	Up	1.01%
Jul 21	B	Weak or Absent	Up	Up	Up	2.30%