Trend Table for VLN - Velan Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 31	F	Weak or Absent	Down	Down	Down	85.31%
Jan 30	D	Weak or Absent	Down	Flat	Up	82.18%
Jan 29	F	Weak or Absent	Down	Down	Flat	83.90%
Jan 26	F	Weak or Absent	Down	Down	Flat	83.90%
Jan 25	F	Weak or Absent	Down	Down	Down	85.66%
Jan 24	D	Weak or Absent	Down	Down	Flat	82.86%
Jan 23	D	Weak or Absent	Down	Down	Flat	82.86%
Jan 22	D	Weak or Absent	Down	Down	Flat	82.18%
Jan 19	F	Weak or Absent	Down	Down	Down	86.02%
Jan 18	F	Weak or Absent	Down	Down	Down	85.31%