Trend Table for TIMB - TIM S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 17	A	Weak or Absent	Up	Up	Flat	-3.65%
Jan 16	D	Weak or Absent	Up	Down	Down	-2.33%
Jan 12	C	Weak or Absent	Up	Up	Flat	-4.30%
Jan 11	C	Weak or Absent	Up	Flat	Down	-2.39%
Jan 10	C	Weak or Absent	Up	Up	Down	-3.38%
Jan 9	C	Weak or Absent	Up	Up	Down	-3.33%
Jan 8	C	Weak or Absent	Up	Up	Down	-4.09%
Jan 5	C	Weak or Absent	Up	Up	Down	-3.16%
Jan 4	B	Weak or Absent	Up	Up	Down	-3.92%
Jan 3	B	Strong	Up	Up	Down	-5.36%