It might be a good time to buy as COH did bounce off it's $25 support level, but only for the short-term. If I was thinking about holding COH for the long-term, I would wait until a higher low is made as well as a higher high is made by closing above $32.50, officially breaking a descending triangle pattern. These patterns have a tendency to break support and fall to the downside, so I would watch for that in the coming weeks.