$MCD upward channel has not changed in 8 years now, any dip has been an opportunity to add and it will continue to move in this projection for another 4 years or so.
Wave 3 is at $335 right here and that is if it stays within the channel, if it breaks to the upside of the channel then this can move even more aggressive and we will watch for that.
With a 2.3% dividend, it is also a double gainer, in dividend and growth and a great hedge during a possible recession and pull back in the market.