Trend Table for VLN - Velan Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 17	F	Weak or Absent	Down	Down	Down	85.31%
Jan 16	F	Weak or Absent	Down	Down	Down	85.66%
Jan 15	F	Weak or Absent	Down	Down	Down	84.95%
Jan 12	F	Weak or Absent	Down	Down	Down	85.31%
Jan 11	D	Weak or Absent	Down	Up	Up	76.55%
Jan 10	D	Weak or Absent	Down	Up	Up	77.19%
Jan 9	F	Weak or Absent	Down	Down	Up	82.18%
Jan 8	F	Weak or Absent	Down	Down	Up	84.25%
Jan 5	F	Weak or Absent	Down	Down	Flat	85.66%
Jan 4	F	Weak or Absent	Down	Down	Up	81.50%