Southwest Airlines (LUV) shares of the airliner are rebounding higher post earnings after the stock dipped right into a confluence of support at the 50- and 200-day MA’s which also was near the YTD anchored VWAP and lower monthly value area all converging just under 29. Now having regained all moving averages and closed strong on Tuesday looking ready to run higher into the open gap above from this cup like pattern. A close above 31.50 likely sees continuation up to 34 for the gap fill near a VPOC on the chart. LUV is in a strong sector with airlines seeing massive bullish flows pointing to a rally sustaining into year end and Southwest has the added kicker of activism with Elliott being a large stakeholder looking to unlock value.