In her book "Stretch", Tilly (and the Buttons) recommends using Wonder Tape for holding hems in place before stitching. But as the Tape is only 1/4 inch wide wouldn`t that make a very narrow hem?
I usually use a strip of fusible stretch interfacing about 1/2 inch wide which works well and stops hems crinkling, but something that is sticky on both sides would be easier I think.
(NB. I don`t have an overlocker or coverstitch machine)