BURLINGTON : large move awaited

The stock has traded within a very narrow range for 9 weeks.

Neutral view:
This alone supports the idea of initiating a straddle with a 6 months view (August) with strike 205
BUY BURL August205 C & BURL August205 P
and close the trade when the stock reaches above 240 or below 160

Long view
As shown by the CCI 21w, the outlook is bullish.
The CCI could well reach 200
A conservative upside target would be 300
My exact target Fibonnacci target is :
EXP ( LN(120)+(LN(240)-LN(120))*1.382 ) = EXP ( 5.7454 )
therefore 312

Transaction en cours:

On March 3, I bought a calendar spread Long Aug 220 CALL / Short March 220 CALL.
As I am bullish with a target of at least 312, the idea is to get the Aug 220 CALL for free by selling a shorter duration same strike CALL and repeat the operation with the April 220 CALL or higher.

Today BURL is up more than 5%. My calendar spread is up 40%