Trend Table for VLN - Velan Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 3	C	Weak or Absent	Down	Flat	Up	91.77%
Dec 30	C	Weak or Absent	Down	Up	Up	90.33%
Dec 29	D	Weak or Absent	Down	Down	Down	95.46%
Dec 28	D	Weak or Absent	Down	Down	Down	95.08%
Dec 23	C	Weak or Absent	Down	Down	Down	97.36%
Dec 22	C	Weak or Absent	Down	Down	Down	101.26%
Dec 21	C	Weak or Absent	Down	Down	Down	101.26%
Dec 20	C	Weak or Absent	Down	Down	Down	98.12%
Dec 19	C	Weak or Absent	Down	Down	Down	93.60%
Dec 16	C	Weak or Absent	Down	Up	Down	88.22%