# Helix Exploration buyers defend the 23p line

> One trader sees strong volume and a possible double bottom at 23p, and is calling for a 50% rebound in HEX.
- Title: Helix Exploration buyers defend the 23p line · TradingView
- Summary: One trader sees strong volume and a possible double bottom at 23p, and is calling for a 50% rebound in HEX. A support level looks stronger when price keeps…
- Keywords: technical analysis, volume, support and resistance, double bottom, hex, business, finance, Helix, Exploration, buyers, defend, 23p
- Source: TradingView — https://tradingview.com/chart/HEX/kiQW39yZ-HEX-buyers-stepping-in-hard-at-the-key-level
- Published: 2026-09-15T19:06:39+00:00
- Read time: 1 min
- Topics: technical analysis, volume, support and resistance, double bottom, hex, business, finance
## Back to the breakout zone
A couple of weeks ago Helix Exploration broke out of a consolidation range around 23p. Now that rally looks tired, and price has drifted back toward the same level.

> That move looks like it's become exhausted.
## Buyers show up again
As price got close to 23p, buyers stepped back in. The old breakout area seems to be working as support now.

> as price has approached that key level, we've seen buyers step in again.
## Two rejections, heavy volume
Price tried to break below the level two days in a row and got pushed back both times. Volume was very strong on both days, which points to real demand.

> Price was rejected two days in a row as it tried to push below, both on very strong volume.
## Volume piles up here
Trading volume is heavily concentrated at this price. That adds a second signal that 23p is a level the market cares about.
## A possible W pattern
The two bounces could be forming a double bottom, the W-shaped pattern traders often read as a sign that a downtrend is turning.

> Some would call this a double bottom, potentially forming a W pattern.
## Target 36.5p, not advice
The author sees a good chance of a rebound to 36.5p, about 50% upside. It's one trader's chart read, and TradingView says it isn't financial advice.

> Price target: 36.5p Potential reward: 50%
## Key takeaway

A support level looks stronger when price keeps getting rejected there on heavy volume, but it's a probability call, not a promise.