Trend Table for TIMB - TIM S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 13	D	Weak or Absent	Down	Down	Down	32.40%
Dec 12	D	Weak or Absent	Down	Down	Down	31.84%
Dec 9	D	Weak or Absent	Down	Down	Down	31.73%
Dec 8	D	Weak or Absent	Down	Down	Down	31.62%
Dec 7	C	Weak or Absent	Down	Up	Down	28.28%
Dec 6	B	Weak or Absent	Down	Up	Flat	27.86%
Dec 5	C	Weak or Absent	Down	Up	Flat	28.28%
Dec 2	C	Weak or Absent	Down	Up	Up	24.31%
Dec 1	C	Weak or Absent	Down	Up	Up	25.61%
Nov 30	C	Weak or Absent	Down	Up	Up	25.81%