Chicken Eating Its Spinach

Amid a mild sell-off in fast food play, Jack in the Box, this morning, it is worth noting that PLKI (owner of Popeyes chicken chains) remans as impressive as any chart in the sector.

Wendy's has been a bonafide leader in the space for a while but is now too extended to initiate a long, while MCD SONC have been simply trying to stabilize after steep corrections. YUM has been marking time, essentially, though its recent YUMC China spin-off looks promising. And QSR (Burger King) has quietly been improving in recent weeks, worth stalking into any pauses now. 

But regarding Popeyes, the weekly chart, below, shows a steadily falling channel consolidation for nearly two years now. 

Headed into the holidays and beyond, I am looking to see if PLKI can sustain an upside breakout to commence a fresh leg higher. As an aside, what if MCD decides to enter the fried chicken space versus YUM and YUMC? PLKI would make sense as a buyout target.