It is always beneficial to have perspective on stock price performance regardless of what your existing bias may be. For those that do frequent chart work, it is easy to draw trend lines to make a variety of price movement views valid. What helps to solidify the perspective however is when several of these point to the same conclusion.
To illustrate this, I randomly chose a chart this morning and created several Daily charts with different Trend Lines drawn. Here they are:
Here is a little Fundamental Data courtesy of Finviz: