Trend Table for VLN - Velan Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Mar 4	F	Weak or Absent	Down	Down	Down	89.28%
Mar 1	F	Weak or Absent	Down	Down	Flat	88.18%
Feb 29	F	Weak or Absent	Down	Down	Flat	88.18%
Feb 28	F	Weak or Absent	Down	Down	Down	88.91%
Feb 27	F	Weak or Absent	Down	Down	Down	88.54%
Feb 26	F	Weak or Absent	Down	Down	Down	88.54%
Feb 22	F	Weak or Absent	Down	Down	Down	87.45%
Feb 21	F	Weak or Absent	Down	Down	Down	86.73%
Feb 20	F	Weak or Absent	Down	Down	Down	86.73%
Feb 16	F	Weak or Absent	Down	Down	Down	86.37%