In this daily bar chart of CRM, below, we can see a bullish alignment of the indicators. Prices rallied strongly from last February to early October before correcting to a November low. CRM made a higher low in December unlike the major averages - this was a sign of strength. This a strong clue not generated by math or algos. When a stock is performing better than the market or its industry or group, you want to take notice.
CRM is above the rising 50-day and 200-day moving averages. The 50-day line is not far from crossing above the 200-day line for a bullish golden cross.
The daily On-Balance-Volume (OBV) line has been rising the past year and hardly declined during CRM's fall correction. A rising OBV line tells me that buyers of CRM have been and are acting more aggressive.
The Moving Average Convergence Divergence (MACD) oscillator is poised to turn higher to a fresh go long signal.
In this weekly bar chart of CRM, below, we can see that prices are above the rising 40-week moving average line.
The weekly OBV line shows a rise from late 2016 and the recent sideways movement in the OBV line shows that few of the earlier buyers of CRM did not liquidate during the recent correction. The OBV line is now close to making a new high.
The weekly MACD oscillator recently crossed to the upside above the zero line for an outright go long signal.
In this Point and Figure chart of CRM, below, we can see a substantial base pattern. A trade at $161.81 will be a major breakout. A price target of $167 is being projected but higher prices are looking likely to me.
Bottom line strategy: Traders could go long CRM in the $155-$150 area and on strength above $162. Risk below $145 and look for gains to the $167 area initially.