Trend Table for VLN - Velan Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 31	C	Weak or Absent	Down	Up	Up	60.08%
Jan 30	D	Weak or Absent	Down	Down	Down	84.69%
Jan 27	D	Weak or Absent	Down	Down	Down	85.39%
Jan 26	D	Weak or Absent	Down	Down	Down	85.39%
Jan 25	C	Weak or Absent	Down	Up	Up	76.96%
Jan 24	C	Weak or Absent	Down	Up	Up	79.90%
Jan 23	C	Weak or Absent	Down	Up	Up	79.57%
Jan 20	C	Weak or Absent	Down	Up	Up	79.90%
Jan 19	C	Weak or Absent	Down	Up	Up	80.24%
Jan 18	D	Weak or Absent	Down	Flat	Down	83.99%