Trend Table for TIMB - TIM S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 20	C	Weak or Absent	Up	Flat	Flat	4.28%
Jul 19	D	Weak or Absent	Up	Down	Down	5.22%
Jul 18	D	Weak or Absent	Up	Down	Down	5.44%
Jul 17	C	Weak or Absent	Up	Up	Flat	4.06%
Jul 14	C	Weak or Absent	Up	Up	Flat	3.07%
Jul 13	B	Weak or Absent	Up	Up	Up	2.03%
Jul 12	C	Weak or Absent	Up	Up	Down	4.28%
Jul 11	D	Weak or Absent	Up	Flat	Down	5.22%
Jul 10	C	Weak or Absent	Up	Flat	Down	5.00%
Jul 7	B	Weak or Absent	Up	Up	Down	3.56%