Wheaton Precious Metals Corp. ( WPM) is one of the largest precious metals streaming companies in the world. Wheaton enters into agreements to buy all or part of the precious metals production from high-quality mines for upfront payments and more payments upon delivery of the metal. Its charts look promising, so let's check them out. 
In this daily bar chart of WPM, below, I see a modest bottom from July to October. Prices made a low in September and a quick retest in October before an impressive rally into January. WPM trades above the rising 50-day moving average line and above the bottoming 200-day moving average line. The 50-day line crossed above the 200-day line earlier this month for a bullish golden cross buy signal. The On-Balance-Volume (OBV) line is showing a rise from September and tells me that buyers of WPM are more aggressive than sellers. More trading volume has been transacted on days when WPM has closed higher than when it has closed lower. The Moving Average Convergence Divergence (MACD) oscillator is in a bullish alignment above the zero line.
In this weekly Japanese candlestick chart of WPM, below, I can see that Wheaton has moved in a large downward sloping channel pattern since 2020. The top of the channel and a breakout appears to be around $50 or so. Prices trade above the 40-week moving average line but the slope of this longer-term indicator is still negative for now. The weekly OBV line has improved since October. The MACD oscillator gave a buy signal in December.
In this daily Point and Figure chart of WPM, below, a nearby price target of $47 is shown.
In this second Point and Figure chart of WPM, below, I used weekly price data with a five-box reversal filter. Here the software yields a price target in the $105 area.
Bottom line strategy: Traders could go long WPM at current levels and add on available weakness. Risk to $37 for now. My price target for 2023-2024 is $105.
