Trend Table for ECL - Excelsior Capital Limited

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 13	A	Strong	Up	Up	Up	5.91%
Dec 12	A	Strong	Up	Up	Up	6.61%
Dec 11	A	Strong	Up	Up	Up	5.91%
Dec 8	B	Strong	Up	Up	Down	9.82%
Dec 7	B	Strong	Up	Up	Down	13.64%
Dec 6	B	Strong	Up	Up	Down	12.85%
Dec 5	A	Strong	Up	Up	Up	7.30%
Dec 4	A	Strong	Up	Up	Up	5.91%
Dec 1	A	Strong	Up	Up	Up	7.30%
Nov 30	A	Strong	Up	Up	Up	5.57%