The Last Time Taiwan Semiconductor Did This, the Stock Doubed in a Year

While a company's past performance is no guarantee of its future results, history is one of the few reasonable things we can use to guide our predictions. Particularly for cyclical companies, it can be a pretty good indicator of what's to come. I'm seeing a situation that looks extremely promising for Taiwan Semiconductor Manufacturing (TSM -0.70%) as its setup is similar to the scenario it saw in 2020.The last time Taiwan Semi had a setup similar to its current one, the stock doubled in the year that follo ...