Trend Table for TIMB - TIM S.A.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 18	C	Weak or Absent	Up	Up	Up	0.78%
Sep 17	C	Weak or Absent	Up	Up	Up	2.14%
Sep 16	C	Weak or Absent	Up	Up	Up	2.39%
Sep 13	C	Weak or Absent	Flat	Up	Up	4.61%
Sep 12	C	Weak or Absent	Down	Up	Flat	6.42%
Sep 11	C	Weak or Absent	Down	Up	Flat	6.35%
Sep 10	C	Weak or Absent	Down	Up	Down	7.14%
Sep 9	C	Weak or Absent	Down	Up	Flat	6.48%
Sep 6	B	Weak or Absent	Flat	Up	Up	4.93%
Sep 5	B	Weak or Absent	Up	Up	Up	3.67%