Southwest Airlines (LUV) shares of the airline are showing great strength the past week as prices compress tighter in this squeeze pattern back into its narrow monthly value area that is seeing MACD near a bullish cross with RSI already above 60 while the 200-day MA lines up with the top of monthly value at 30.05 so a breakout above can trigger a surge higher to the 32-33 zone as a first target. Upside towards 35 eventually exists as a longer-term target later this quarter perhaps as the volume profile is thin above 31 so can accelerate. LUV saw large call buyers on Wednesday for over 16,000 January 26^th $31 calls at $0.50 and potentially positioning for earnings on 1/25 that week.