Shab: #1 is my favorite; a breakout of this type is is a virtual lock. #2 low volume is a two-edged sword. Low volume results in poor liquidity and thus poor spreads. This inhibits accumulation. #3 this is also a two-edged sword. #4 one needs to be wary of trying to hit tops or bottoms. LOY can go even lower and often does.
Remember, just because it is posted doesn't make it so.