Trend Table for ECL - Excelsior Capital Limited

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 29	B	Weak or Absent	Up	Up	Flat	6.96%
Dec 28	B	Weak or Absent	Up	Up	Flat	6.96%
Dec 27	B	Weak or Absent	Up	Up	Flat	6.96%
Dec 22	B	Weak or Absent	Up	Up	Flat	6.96%
Dec 21	B	Weak or Absent	Up	Up	Flat	6.96%
Dec 20	B	Weak or Absent	Up	Up	Up	6.61%
Dec 19	B	Weak or Absent	Up	Up	Up	6.26%
Dec 18	B	Strong	Up	Up	Up	7.30%
Dec 15	B	Strong	Up	Up	Up	6.61%
Dec 14	B	Strong	Up	Up	Up	6.61%