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 12	B	Strong	Up	Up	Up	-10.49%
Sep 11	B	Strong	Up	Up	Up	-10.03%
Sep 10	B	Strong	Up	Up	Up	-9.75%
Sep 9	B	Strong	Up	Up	Up	-10.49%
Sep 6	A	Strong	Up	Up	Up	-11.13%
Sep 5	B	Weak or Absent	Up	Up	Up	-11.85%
Sep 4	B	Weak or Absent	Up	Up	Up	-10.12%
Sep 3	C	Weak or Absent	Down	Up	Flat	-7.40%
Aug 30	D	Weak or Absent	Down	Up	Down	-5.95%
Aug 29	D	Strong	Down	Up	Down	-5.54%