Trend Table for VLN - Velan Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 15	C	Weak or Absent	Down	Up	Down	92.93%
Dec 14	C	Weak or Absent	Down	Up	Down	92.93%
Dec 13	C	Weak or Absent	Down	Up	Down	92.93%
Dec 12	B	Weak or Absent	Down	Up	Up	85.44%
Dec 9	C	Weak or Absent	Down	Up	Up	81.60%
Dec 8	C	Weak or Absent	Down	Up	Up	82.86%
Dec 7	C	Weak or Absent	Down	Up	Up	81.29%
Dec 6	C	Weak or Absent	Down	Up	Up	83.18%
Dec 5	D	Weak or Absent	Down	Down	Up	98.76%
Dec 2	D	Weak or Absent	Down	Down	Flat	104.17%