# A $316 line is the whole trade

> A trader bets Snowflake's post-earnings selloff is just noise above a trendline that has not broken.
- Title: A $316 line is the whole trade · TradingView | Shortify
- Summary: A trader bets Snowflake's post-earnings selloff is just noise above a trendline that has not broken. The thesis rests on one level: hold $316 and the path to…
- Keywords: snowflake, technical analysis, trendline, earnings, stocks, business, finance, 316, line, whole, trade, TradingView
- Source: TradingView — https://tradingview.com/chart/SNOW/w2ZHf1J2-SNOW-chart-is-a-BUY-holding-trendline
- Published: 2026-09-12T20:57:35+00:00
- Read time: 1 min
- Topics: snowflake, technical analysis, trendline, earnings, stocks, business, finance
## Good numbers, red candle
Snowflake posted blowout earnings and the stock sold off anyway. The trader reads that gap between results and price as an opportunity, not a warning.

> SNOW had blowout earnings and sold off.
## The line at $316
Support sits on a rising trendline near $316. That level, not the earnings report, is what the call actually hangs on.

> We have support trendline at $316 ish
## Twenty to thirty a day
Daily swings of $20 to $30 are normal here. Anyone sizing this trade has to survive that noise before the thesis gets a chance to play out.

> Quite the volatile stock with $20-30 daily moves being the norm
## New highs over $400
The target is a fresh all-time high above $400 within weeks. That is roughly a 25 percent move from the support line being defended.

> We should print new ATH in coming weeks over $400
## Who is calling it
The post comes from a TradingView user handled ShortSeller76, tagged long, filed under chart patterns and trend analysis. One person's read, published openly.
## Not advice
TradingView states plainly that posts on the platform are not financial or investment advice and carry no endorsement. Treat the $316 line as a hypothesis to test, not a signal to follow.

> The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice
## Key takeaway

The thesis rests on one level: hold $316 and the path to a new high stays open, lose it and the setup is gone.