Trend Table for VIV - Telefonica Brasil, S.A. ADS

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 26	C	Strong	Up	Up	Flat	-13.51%
Sep 25	C	Strong	Up	Up	Up	-13.76%
Sep 24	C	Strong	Up	Up	Up	-14.02%
Sep 23	C	Strong	Up	Up	Flat	-11.93%
Sep 20	C	Strong	Up	Up	Up	-12.90%
Sep 19	C	Strong	Up	Up	Up	-13.93%
Sep 18	C	Strong	Up	Up	Up	-14.69%
Sep 17	C	Strong	Up	Up	Up	-13.59%
Sep 16	C	Strong	Up	Up	Up	-13.59%
Sep 13	C	Strong	Up	Up	Up	-11.30%