The technique shown in a similar question is a rectangular bubble. How to draw one in an oval shape? i.e.:

Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
I would do it in two iterations.
First get the context and begin a path. Fill an ellipse and then a custom path that encloses a triangle with three lines. I assumed the following dimensions: 70 width, 62 height. Override draw rect in a subclass of UIView and instantiate in a subclassed UIViewController:
Produces this in the iPhone simulator when added against a gray backdrop:
This second code example will almost duplicate what you produced above. I implemented this using flexible sizes that could be supplied to the UIView frame when you instantiate it. Essentially, the white portion of the speech bubble is drawn with a black stroke over lay to follow.